Answer:
The answer is B
Explanation:
GDP is no affected by Scott's production of the jewelry box.
The answer choices which <em>should be included</em> in the opportunity cost of buying the slip-ons is:
- A. The classic look of traditional wingtips
<h3>Opportunity Cost</h3>
This is a term that is well known in the field of economics and is used to show the foregone alternative when a person is making a choice about a particular good or item.
With this in mind, we can see that Sean had to give up some things and these are what we can see as his opportunity cost even though they are not of monetary cost.
Therefore, the correct answer is option A
Read more about opportunity cost here:
brainly.com/question/8846809
Answer:
C, a company makes a new line of kitchen appliances
Explanation:
Just did it
Answer:
The correct answer is "Percentage change in quantity demanded divided by the percentage change in price of that good".
Explanation:
The elasticity of demand is a measure used in economics to show the degree of response of the quantity demanded of a good or service to changes in the price it presents. It grants the percentage change of the quantity demanded about a unitary percentage change in the price, with the other variables considered constant.
The E is a measure of the sensitivity of the quantity demanded of a good or service to changes in its price. Its formula normally produces a negative result due to the inverse nature of the relationship between the price and the quantity demanded.
Have a nice day!
Answer: 1. Decreasing
2. Increasing
Explanation: i guess on it my guy
