1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andrezito [222]
3 years ago
12

Which of the following products is likely to have an inelastic supply reaction to a change in price? A. Corn B. Cars C. Shoes D.

Televisions
Business
2 answers:
arlik [135]3 years ago
6 0

The answer for Penn Foster is NOT SHOES. It should be CORN the reason being in section 1.4 it states that

An inelastic supply is one for which it's difficult to

increase production, even with a large increase in price.

Sergio039 [100]3 years ago
4 0
The correct answer is C,
A good is said to have an inelastic supply if the suppliers did not have any choice than producing it even though the cost of production is high and the buyers did not have any choice than buying it even though it is expensive.
No one can do without shoes, even if they are expensive, we still need to buy them.
You might be interested in
Suppose that you enter into a short futures contract to sell July silver for $17.20 per ounce. The size of the contract is 5,000
ivanzaharov [21]

Answer:

$0.20

Explanation:

For computing the change in future price, first we have to determine the loss which is shown below:

Loss = Initial Margin - Maintenance Margin

        = $4,000 - $3,000

        = $1,000

Now the change in future price would be

= Loss ÷ size of the contract

= $1,000 ÷ 5,000 ounces

= $0.20

The future price is increased by $0.20

And, if the margin call is not meet than the broker will stop at best price so that he cannot suffer more loss

7 0
3 years ago
Read 2 more answers
For each of the scenarios below, determine whether the employer is likely to be discriminating against a person because of age:
barxatty [35]

Answer and Explanation:

In the U.S., the Equal Employment Opportunity Commission (EEOC) is the authority protecting individuals from discrimination at work in any kind because of <em>race, gender, age, religion, ethnicity, nationality, language, sexual orientation, impairment</em> differences or any other type of unfair treatment not related to work itself.

Age discrimination could take place when certain groups of individuals are valued more than others because of their youth or because their white hair represents experience. In any situation, unequal opportunities are given which must be sanctioned. Thus:

A) A young lawyer who just finished work on a multimillion-dollar development deal downtown is hired by an economic development firm in lieu of an older lawyer who works on litigation.  

<em>This example does not represent discrimination because the election is based on performance rather than age. </em>

B) A large retail outlet hires a 30-year-old woman to greet customers instead of an 80-year-old woman who has been greeting customers in other stores for a decade.  

<em>This example reflects discrimination because a younger woman is hired mainly based on her age rather than her expertise. </em>

C) The owner of a local, hip smoothie bar in a university town just fired a graduate student who had worked at the bar for three years and instead hired a college sophomore.

<em>This example represents discrimination since a younger student is hired to replace another student who was in the last year of university.</em>

3 0
3 years ago
A company headquartered in Vancouver, British Columbia, is building a pipeline in Russia. The invoice amount is due in 90 days a
Alinara [238K]

Answer:

C. Sell 28,000,000 rubles

Explanation:

By doing so, the company will <u>immediately receive</u> the amount equivalent in Canadian Dollars by selling 28 million rubles in forward and after 90 days when the invoice amount (28 million rubbles) is received from building the pipeline, will be used to netting of the forward contract.

In this way, company can hedge the currency exposure, and reduce the risk which can be generated from currency volatility.

5 0
3 years ago
Describe at least four ways you can take money out of a checking account
deff fn [24]

1. ATM

2. Use a debit card at grocery store and get money back

3. Move money between bank accounts

4. Physically withdrawl the money inside the bank.

5. Grocery stores have customer service and for a fee you can withdrawl the money

8 0
3 years ago
Read 2 more answers
Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was
katrin2010 [14]

$4 million.

An item is worth what the market is willing to pay for it, which is sometimes different than the estimated value.

6 0
3 years ago
Other questions:
  • John would like to move from the suburbs into the city, but the rent in the city is very high . John ha found an apartment he re
    14·1 answer
  • A normative economic statement can be proved or disproved by reference to facts?
    9·1 answer
  • You are considering two equally risky annuities, each of which pays $5,000 per year for 10 years. Investment ORD is an ordinary
    15·1 answer
  • Which of the following statements is CORRECT? a. Because of their size, large corporations face fewer regulations than smaller c
    12·1 answer
  • If you purchase a straddle on euros, this implies that you: A) finance the purchase of a call option by selling a put option in
    6·1 answer
  • Product differentiation that makes the product better for some consumers and worse for others is A) always welfare decreasing. B
    15·1 answer
  • Phil used his rental property for personal use for 7 days and rented it for 63 days. In most cases, what percentage of his expen
    8·1 answer
  • Alejandro works nights at a restaurant. His job is to prepare drinks for customers. He serves drinks directly to customers who s
    8·1 answer
  • A history is an interview of the patient that includes the following elements:
    14·2 answers
  • The purpose of business aviation is to provide safe, efficient, and convenient air transportation to support the mission and goa
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!