Change in quantity supply will lead to a shift in supply curve.
<h3>What is change in supply?</h3>
Change in supply lead to a shift in the supply curve either to the left or right.
This occur in the price to quantity relationship which defines a supply curve.
This change often makes the supply curve becomes steeper and flatter.
Therefore, Change in quantity supply will lead to a shift in supply curve either to right or left.
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Answer:
Gasoline consumption will decrease by a small amount.
Explanation:
A coefficient of elasticity of less than one indicates that demand is inelastic.
Inelastic demand means that there's little or no change in quantity demanded when there's a change in the price of a product.
Quantity demanded has little or no sensitivity to changes in price.
If the coefficient of elasticity is greater than one, demand is elastic.
Elastic demand is when a small change in price has a greater effect on the quantity demanded.
If the coefficient of elasticity were equal to one, it means that demand is unit elastic.
Unit elastic demand means a change in price leads to the same proportional change on quantity demanded.
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An example of a preventative measure related to medical identity theft would be carefully checking the medical records of a person. Option A is correct.
<h3>What is a preventative measure?</h3>
In opposition to disease treatment, preventative measures refer to actions or steps taken to ward off illness. The usual categories used to describe preventive care strategies are primary, secondary, and tertiary prevention.
Maintaining control of medical identity cards and routinely reviewing medical bills, credit reports, medical benefit accounts, and instruction invoices are examples of preventative measure.
Medicare and Social Security cards that have been stolen away require to be accounted right away to the Social Security Administration.
Therefore, option A is correct.
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Answer:
Option (D) is correct.
Explanation:
Given that,
Current market price = $7.50
Average variable cost = $8.00
Average total cost = $8.25
It can be seen from the above information that current market price is less than the average variable cost, i.e, $7.50 < $8.00.
Mrs. Smith should shut down its production in the short run as well as in the long run until the point where current market price is greater than or equal to average variable cost.
Answer:
Ethics refers to the correct rules of conduct necessary when carrying out research. We have a moral responsibility to protect research participants from harm. The purpose of these codes of conduct is to protect research participants, the reputation of psychology, and psychologists themselves.
Explanation:
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