The answer would be A. Shoes.
It is implied that a good has an inelastic supply if the supplier does not have a choice other than producing it despite the change in production cost. This would as well apply to the buyer, who needs the product no matter the pricing.No one can live without shoes, despite a spike in prices, we still need to buy them.
Answer:
6 (rounded up to the nearest whole number)
Explanation:
Number of kaban= Daily demand*lead time in days * ( 1 + safety stock)/quantity in a container
= 800*0.34* (1+9/100)/50
272 * 1.09/50
272* 0.0218
=5.9296
=6 ( nearest whole number)
Answer:
<em>c. The reasoning of both Alfons and Mary suffers from the omitted variable problem</em>
Explanation:
The issue of omitted variables occurs as a result of mis-specification of a linear regression model, which could be either because the impact of the omitted variable on both the dependent variable is unclear, or the evidence was not accessible.
This causes you to omit the variable from your regression, resulting in over-estimation (upward bias) or underestimation (downward) of the influence of one of the other predictor variables.
Answer:
Supply and demand
Explanation:
First is important to remember the supply and demand principle. We can analyze this by the law of supply and demand.
The law of supply states that "the quantity of a good supplied rises as the market price rises, and falls as the price falls".
Conversely, the law of demand says that "the quantity of a good demanded falls as the price rises, and the quantity of a good increase as the price decrease".
For this case if the manufacturing plant close 20% of the people in the area will not have a job and the prices of the real state values will tend to decrease and if the prices decrease the quantity falls from the supply law.
It is referred as market control<span />
