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xeze [42]
3 years ago
7

As the prices in markets change, buyers and sellers respond in different ways according to how much time they have to react. Mat

ch the time period to its correct description.
(1) short run
(2) immediate run
(3) long run

(A) Demand is somewhat elastic. Buyers have some time to adjust to a change in the market.
(B) Buyers have no time to adjust to a change in the market. Demand is inelastic.
(C) Buyers have a significant amount of time to adjust to a change in the market. Demand is elastic.
Business
1 answer:
mel-nik [20]3 years ago
7 0

Answer:

(1) Short run - (A)

(2) Immediate run - (B)

(3) Long run - (C)

In a short run, all the changes occur in an economy are for shorter time period and buyers have little time to respond to these changes. Hence, the demand curve is elastic in nature.

In an immediate run, there will be no time for the consumers to respond to the changes occur in an economy. Suppose there is an increase in the prices of the goods, as a result there will no changes occur in the quantity demanded. Hence, the demand curve is inelastic, means that there is no effect on quantity demanded.

In a long run, there is enough or more than enough time for the consumers to respond to the changes. Hence, the demand curve is elastic in nature.

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If actual sales totaled $450,000 for the current year (30,000 units at $15 each) and planned sales were $540,000 (45,000 units a
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Answer:

Option B, $45,000, is the right answer.

Explanation:

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Planned units = 45000

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= (45000 – 30000) × (15 – 12)

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4 years ago
Kristen Lu purchased a used automobile for 8,000 at the beginning of last year and incurred the following operating costs:
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Fixed cost per mile 0.32 =(1600+1200+360+40)/10000.

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The car is kept in a very garage for a monthly fee. Kristen drove the car 10,000 miles last year. Compute the typical cost per mile of Owning and operating cost of the the car.  What costs above are relevant during this decision? Kristen is considering buying an upscale sports car to interchange the car she bought last year.

She would drive the identical number of miles irrespective of which car she owns and would rent the identical parking zone. The sports car's variable operating costs would be roughly identical because of the variable operating costs of her old car.

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A speaker says, "because the japanese make the best stereo sound systems in the world, you should consider buying a japanese-mad
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$12,600

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b. Purchase building and land with cash,            -$25,000

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7 0
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