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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.
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Answer:

i a depreciation of its currency;

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Answer:

The accounting entry for each transaction is given below.

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Credit Capital              $10,000

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Debit equipment Asset      $5,000

Credit Payable Liability       $5,000

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Debit payable         $400

Credit Cash Asset   $400

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Credit Income          $2,500

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Debit Wages expense   $400

Credit Cash Asset          $400

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Debit Receivable           $1,000

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8 0
3 years ago
__________ achieves company growth by increasing sales of current products to current market segments without changing the produ
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Market penetration achieves company growth by increasing sales of current products to current market segments without changing the product.

<h3>What is market penetration?</h3>

In economics, the term market penetration is used to denote the extent to which the people in the market would recognize and also have to buy a particular product. It is the successful selling of the product in the market by the produces to the consumers of the product.

Hence we can say that Market penetration achieves company growth by increasing sales of current products to current market segments without changing the product.

Read more on market penetration here: brainly.com/question/1172265

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8 0
2 years ago
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Answer:

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5 0
3 years ago
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kifflom [539]

Answer:

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Explanation:

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3 years ago
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