All categories

2 years ago

Which of the following products is likely to have an inelastic supply reaction to a change in price?

Business

2 answers:

djyliett [7]2 years ago

7 0

Hello there, my fellow human being!

The answer is A. shoes.

Hope this helped!
~Ruru

anastassius [24]2 years ago

5 0

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.

You might be interested in

Gillock, Inc. uses MACRS for its income tax return and the straight-line method for its financial statements. On January 1, Year

Sloan [31]

Answer:

A deferred tax liability will be reported on the balance sheet

b) trademark

as longterm assets refers to those assets that will not become cash within a one-year period

Explanation:

As the accounting makes the depreciaiton of the asset among 8 years

while the MACRS (depreciaiton for tax purposes) does it in 5 years

the company will pay lower income taxes now but, higher in the future

creating a tax liability as the tax relief occurs now.

Calculations:

Account Depreciation Expense

(cost - salvage value )/ useful life =

(130,000 - 10,000)/ 8 years = 8,000

Tax-purpose depreciation expense

130,000 x 20% = 26,000

There is a tax difference of (26,000 - 8,000) x corporate income tax

3 0

2 years ago

Which of the following is NOT true about a command economy?

kkurt [141]

distribution of raw material. is decided by givernment

4 0

3 years ago

what is the best definition of the capability of a process? select one: a. how well the input of a process satisfies the custome

anzhelika [568]

Correct option is A. The best definition of the capability of a process is how well the input of a process satisfies the customer of the process.

<h3>What is the purpose of process capability analysis?</h3>

To determine how well a certain process complies with a set of specification restrictions, a set of techniques called process capability analysis is utilized. In other words, it assesses the effectiveness of a procedure.

In actuality, it compares the distribution of sample values—representing the output of the process—against the specification limits, or the upper and lower bounds of what we aim to achieve. It may also be compared to a specification target.

Process capacity indices are frequently used to describe a process's capabilities. Depending on your analytical needs, you could calculate one or more of the several process capability indices. However, in order to compute any process capacity indices, you must first presume that your process is stable.

To learn more about process capability analysis from given link

brainly.com/question/20396505

#SPJ4

4 0

7 months ago

Which crop finally ensured the long-term success of the Jamestown colony?

Sauron [17]

Tobacco ensured the long-term success of Jamestown.

6 0

3 years ago

Read 2 more answers

Bluestainless corp. has been able to gain and sustain a competitive advantage due to its strong relationship with its employees,

Solnce55 [7]

The correct answer to fill in the blank is:

<span>Thisscenario best illustrates the implementation of a <u>“Stakeholder strategy”</u>.</span>

Stakeholder strategy is an integrative advance to managing a varied set of stakeholders efficiently in order to expand and sustain competitive advantage. This includes effectively engaging stakeholders during the lifecycle of the project, based on the investigation of their needs, interests and probable impact on project success.

4 0

3 years ago