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solong [7]
3 years ago
10

Why is the supply curve a vertical line

Business
1 answer:
AlladinOne [14]3 years ago
5 0
In some cases, supply curves are vertical, which means that for any price from 0 up to infinity, the quantity will stay the same.

This is very true for supply of an authentic painting in auctions, where there may only be 1 single painting, and people state the highest price they are willing to pay for the painting. Regardless of the price, there will only be 1 authentic painting for that price.

Hope this helps! :)
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The Macro Islands can produce either 250 bamboo towels or 500 botanical soaps using all its resources. The Micro Islands can pro
jarptica [38.1K]

Answer:

The Micro Islands have a comparative advantage in producing botanical soaps.

Explanation:

Comparative advantage can be defined as the ability of an economy to produce a good at lower opportunity cost than other economies. This enables the economy sell the product at lower prices, therefore having higher margin of profit than other economies.

The opportunity cost of Micro Island in producing 300 botanical soaps is the cost of producing 30 bamboo towels. The opportunity cost is quite low.

While for Macro Island the opportunity cost of producing 500 botanical soaps is 250 bamboo towels. The opportunity cost is higher than for Micro Island.

6 0
3 years ago
The individual mechanism that deals with workers' psychological reactions to overtaxing job demands is referred to as?
Mekhanik [1.2K]

The individual mechanism that deals with workers psychological reactions to overtaxing job demands is referred to as stress.

Stress is considered as a defensive mechanism, as it follows the three stages of resistance, alarm, and exhaustion. The psychological stress is usually associated with negative life changes.

So here in this case, the individual mechanism, which is dealing with the workers psychological reactions to overtaxing job demands is considered as stress. As the workers are stressed due to the overtaxing job demands.

Hence, the coping mechanisms are the strategies people often use in the face of stress in order to help manage painful or difficult emotions.

To learn more about stress here:

brainly.com/question/9643296

#SPJ4

5 0
2 years ago
Which fees was John charged on his checking account during this statement period?
Zigmanuir [339]

The overdraft fee is the fee that John was charged on his checking account.

<h3>What is an overdraft fee?</h3>

This is a fee that has to be paid due to the fact that a payment has been authorized.

The overdraft fee is usually paid to cover transactions if there are not enough funds in the account.

<h3>The checking account</h3>

This is a current account that lets deposit and easily withdraw for the sake of transactions.

Read more on  the overdraft fee here: brainly.com/question/25532516

7 0
2 years ago
Which country has a Gross Domestic Product of about 8.5 trillion dollars?
horsena [70]
The answer would be : B. China

Japan has a  4.92 trillion Dollars of Gross Domestic Products
United states has a 16.77 trillion dollars worth of Gross Domestic Products
and
Russia has a 2.097 trillion dollars of Gross Domestic Products

That leave China as the correct answer
8 0
3 years ago
. Demand-pull inflation occurs when multiple choice 1 there is a negative GDP gap. there is a negative price gap. there are incr
Alexxandr [17]

When there prices rise because of an increase in aggregate spending not fully matched by an increase in aggregate output, then, an economy is experiencing a Demand-pull inflation.

The Demand-pull inflation is the type of inflation experienced as a result of an imbalance in aggregate supply and demand, thus, the prices go up because of aggregate demand which outweighs the aggregate supply.

Therefore, the Option C is correct because when there prices rise because of an increase in aggregate spending not fully matched by an increase in aggregate output, then, an economy is experiencing a Demand-pull inflation.

Learn more about this here

<em>brainly.com/question/18072639</em>

8 0
2 years ago
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