Answer and explanation:
1) Chinese online retailer Alibaba offers products on its web-page mostly to be sold in bundles offering to ship worldwide. Goods traded in Alibaba tend to be cheaper than average including innovative products usually offered in Asian markets. The company booked sales for around $53,000 million in 2019. Then, businesses offering non-perishable goods could imitate Alibaba's distribution network which benefits them in reducing costs in personnel, stores, and warehouses.
2) Alibaba attracts consumers to import due to the low prices of the products offered in its web-page and the easy payment method that accepts multiple methods such as credit or debit cards, money orders or digital wallets. Individuals can also be encouraged to engage in exporting following the Alibaba model which has resulted to be profitable for the firm.
Answer:
Explanation:
W1= 30 W2 =50
Q1 = 6 Q2 = 16
Elasticity of supply = (16-6) / (50-30) * (50+30) / (6+16)
= (10/20) * (80/22) =80/44= 1.82
