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4 years ago

This is a graphic representation of the quantity producers are willing to produce at different prices.

Business

1 answer:

Mila [183]4 years ago

6 0

Answer:

The correct answer is: supply curve.

Explanation:

The supply curve is the graphical representation of the supply of a product. The supply of a product can be defined as the quantity of goods or services that a producer is willing to produce at a given time.

The supply schedule shows the quantity the producers are willing to supply at different prices. Its graphical representation is the supply curve.

The supply curve is an upward sloping curve indicating a positive relationship between the price level and the quantity supplied.

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The publisher of an economics textbook finds that, when the book's price is lowered from $70 to $60, sales rise from 10,000 to 1

ankoles [38]

Answer:

Price elasticity of demand = 2.6

Explanation:

Given:

Old price (P0) = $70

New price (P1) = $60

Old sales (Q0) = 10,000 units

New sales (Q1) = 15,000 units

Computation of Price elasticity of demand(e):

Midpoint method

$e=\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } }$

By putting the value:

$e=\frac{\frac{10,000-15,000}{\frac{10,000+15,000}{2} } }{\frac{60-70}{\frac{60+70}{2} } }\\e=\frac{\frac{-5,000}{\frac{25,000}{2} } }{\frac{-10}{\frac{130}{2} } }\\$

$e=\frac{\frac{-5,000}{12,500} }{\frac{-10}{65} }$

e = 2.6

7 0

4 years ago

Why Do Organizations not change in response to environmental pressures?

Elina [12.6K]

Answer:

It often proves difficult to actually realize the change that you have come up with. Especially when it comes to cultural or behavioral change. We want to show that change is not so much something that you have to get others to join. You have to make your change part of it

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3 years ago

Which property of an object describes how easily electricity travels trough it?

MaRussiya [10]

The conductivity of the object

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3 years ago

Joint _____ prepares individuals, joint forces, or joint staffs to respond to strategic, operational, or tactical requirements c

Masteriza [31]

Answer: Joint training

Explanation: In simple words, joint training refers to the process in which an organisation or an entity tries to persuade and influence the behavior of their staff by making teaching them any specific kind of technical skill.

Such kinds of training are very common in defense forces such as military and police force, where team work and relative trust is of high importance. But these kinds of training are also used by other organizations in cases where the number of candidates is large and it is not possible to train each of them individually.

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4 years ago

Country Able and Country Baker initially have the same real GDP per capita. Country Able experiences no economic growth, while C

muminat

Answer:

The correctt answer that fills the gap is Double.

Explanation:

GDP per capita, income per capita or income per capita is an economic indicator that measures the relationship between the level of income of a country and its population. For this, the Gross Domestic Product (GDP) of said territory is divided by the number of inhabitants.

The use of per capita income as an indicator of wealth or economic stability of a territory makes sense because through its calculation, national income is interrelated (through GDP in a specific period) and the inhabitants of this place.

The objective of GDP per capita is to obtain data that shows in some way the level of wealth or welfare of that territory at a given time. It is often used as a measure of comparison between different countries, to show differences in economic conditions.

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4 years ago