1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GrogVix [38]
3 years ago
12

The price elasticity of supply is equal to the change in quantity supplied divided by the change in price. the value of the slop

e of the supply curve. the percentage change in price divided by the percentage change in quantity supplied. the percentage change in quantity supplied divided by the percentage change in price.
Business
1 answer:
rjkz [21]3 years ago
4 0

Answer:

The answer is option D. the percentage change in quantity supplied divided by the percentage change in price.

Explanation:

Price elasticity of supply is the degree of responsiveness of quantity  supplied to changes in price of that same commodity.  

Price elasticity of supply can be elastic, inelastic, perfectly elastic, perfectly inelastic.

Price elasticity of supply can be calculated by the formula below:

%Δin Quantity supplied ÷   %Δin price  

You might be interested in
Regardless of on whom a tax is levied, sellers face which of the following?
IceJOKER [234]

Answer:

A a decrease in the amount of money they receive

Explanation:

If the seller levies the tax on the customer, the tax will increase the price of a product and in turn decrease the demand for the product. Decreased demand, in turn, will reduce the total revenue.

But if the seller levies the tax on themself, it will not increase the product price but lower the seller revenue directly. Either way, the revenue of the seller will be decreased.

7 0
3 years ago
The ________ outlawed the paying of bribes to foreign government officials to gain business. Group of answer choices Convention
nekit [7.7K]

Answer:

Hello There!!

Explanation:

I think the answer is The Foreign Corrupt Practices Act.

hope this helps,have a great day!!

~Pinky~

5 0
3 years ago
Read 2 more answers
[30 PTS + BRAINLIEST]
saw5 [17]

Answer:

C

Explanation:

A farmer would want to look at the economic status of the US because his goal is to sell as much wheat as possible and make the most profit. If he pays no attention to the economy and there's a recession but he still sells his wheat at the normal price, people whose stocks are going down and who are losing money will be unable to, and unwilling to, pay the price. Thus, the farmer must inspect the changing economic statuses of the US to determine the best and most effective way to market out his wheat to the public.

Changes in US racial patterns have no impact on the marketing of the farmer's wheat, so A is incorrect.

The number of births per year is also irrelevant, as is the general population growth numbers because these do not affect the way the farmer will market his crops, so B and D are incorrect.

Hope this helps!

3 0
4 years ago
Read 2 more answers
When contemplating a product deletion, a firm studies customer migration patterns to determine: the profit contribution of the p
pentagon [3]

Answer: whether customers of the product would switch to other substitute products marketed by the same firm.

Explanation:

Customers regular move from one good to another or from one good to it's substitutes in a process called Customer Migration.

There are various reasons for this such as affordability, change in technology, trends and the like.

When a company contemplates ending a product line and decides to study customer migration patterns, they are checking to see what the customer will switch to when the product is deleted. If they make substitutes to the product to be deleted, they will be checking to see if the customers will switch to these substitutes if the product line is ended.

4 0
3 years ago
the demand curve facing a monopolist is: group of answer choices vertical, the same as that facing a perfectly competitive firm.
anygoal [31]

The demand curve facing a monopolist is downward-sloping, like the industry demand curve in perfect competition. The correct option is D.

<h3>How does it compare to the demand curve facing a monopolist?</h3>

A monopolistic competitor faces a downward-sloping demand curve, which means that, like the monopoly, the monopolistic competitor can raise its price without having to lose all of its consumers or lower its valuation and gain more customers.

Monopolists face downward-sloping demand curves because they are the sole supplier of a particular good or service, and the market demand curve is thus the monopolist's demand curve. The shape of the demand curve determines a firm's market power.

Thus, the ideal selection is option D.

Learn more about a monopolist here:

brainly.com/question/14055453

#SPJ1

3 0
2 years ago
Other questions:
  • On September​ 1, Advantage Maintenance Company contracted to provide monthly maintenance services for the next five months at a
    13·1 answer
  • Tunes Company determines that a customer balance of $250 from Able Co. is uncollectible. Tunes uses the allowance method to acco
    6·1 answer
  • Leigh Delight Candy, Inc. is choosing between two bonds in which to invest their cash. One is being offered from Hershey's and w
    7·1 answer
  • Which of the following is a supporting activity in the value chain? a. Logistics b. Marketing and sales c. Accounting d. Product
    5·1 answer
  • Two mutually exclusive projects have 3-year lives and a required rate of return of 10.5 percent. Project A costs $75,000 and has
    5·1 answer
  • Lloyd and Jean are considering purchasing a home requiring a $75,000 mortgage. The payment on a 30-year mortgage for this amount
    9·1 answer
  • Identify all the controls that mitigate the threat of mistakes when counting deliveries from suppliers: (Check all that apply.)
    14·1 answer
  • Why might one doubt that current forms of digital money, such as Bitcoin, will replace more traditional fiat currencies?
    5·1 answer
  • What should a follow-up letter focus on?
    13·1 answer
  • All english teachers
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!