Answer:
The correct answer to fill the blank space will be option "C"
Explanation:
The relation between minimum wage and employment depends on the magnitude of the minimum wage relative to wage rate. Seein this we can say that an increase in the legal minimum wage will bring up the employment rate if it is set bellow the wage rate.
Given that Conrad's time of service delivery is slow, my advice to him would be that he has to address his quality and his service.
<h3>What is competitive advantage?</h3>
This term as it applies to the question has to do with the advantage that a business has over its competitors.
For Conrad to have this advantage they must try to serve their customers better and stop making them wait for too long.
Read more competitive advantage on here:
brainly.com/question/14030554
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Answer:
A
Explanation:
Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price. It is computed as the percentage change in quantity demanded—or supplied—divided by the percentage change in price.
Elasticity can be described as elastic—or very responsive—unit elastic, or inelastic—not very responsive.
Elastic demand or supply curves indicate that the quantity demanded or supplied responds to price changes in a greater than proportional manner.
An inelastic demand or supply curve is one where a given percentage change in price will cause a smaller percentage change in quantity demanded or supplied.
Unitary elasticity means that a given percentage change in price leads to an equal percentage change in quantity demanded or supplied.
Answer:
This question is incomplete, the options are missing. The options are the following:
A) The old price times the change in quantity.
B) The old price times the new quantity.
C) The new price times the change in quantity.
D) The old quantity times the change in price.
And the correct answer is the option D: The old quantity times the change in price.
Explanation:
To begin with, the name of <em>"Price Effect"</em> refers to a concept known in economics as the situation where a consumer is affected by the change in the price that a good he plans to buy staying everything else constant. This effect is quantifiable as the old quantity times the change in price when we see the representation in a graphic due to the fact that when the demand curve moves the new position will be established by that new price that have affected the consumer given the same old quantity.
Answer:
true
Explanation:
beacuse the faces of industrtions
