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Nonamiya [84]
3 years ago
9

The price elasticity of supply for basmati rice (an aromatic strain of rice) is likely to be which of the following?

Business
1 answer:
tiny-mole [99]3 years ago
5 0

Answer: D. Higher in the long run than the short run, because farmers cannot easily change their decisions about how much basmati rice to plant once the current crop has been planted.

Explanation:

Price Elasticity of Supply refers to how Supply changes in response to a change in price. Essentially, if the price of a good increases, will Supplier supply more or less of that good as a result and by how much will they do so.

In the short run, the farmers would have already planted the crops and so would be unable start changing the quantity that they expect from the harvest. They will therefore supply the amount they harvested regardless of a price change.

In the long run however, they can change the amount of rice planted depending on the price of the rice in the market. Price Elasticity is therefore higher in the long run than in the short run.

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Answer:

Letter c is correct. <u>Multisegment targeting.</u>

Explanation:

The strategy of multisegment targeting is used by companies that offer different offers for each segment of the market, ie it is a way to advertise the same product in different ways to reach different types of audiences.

This is a marketing strategy that adds several benefits, since directing campaigns to the needs of each group of consumers is a way to create value and satisfaction, which ensures the gain of audience and loyalty. But this multi-segment marketing strategy is more expensive, and is generally used by large companies to be a profitable strategy indeed. It is also important that companies using this strategy have a product distribution and promotion channel accessible to each advertised segment and that the strategy is consistent with organizational values ​​and goals.

4 0
3 years ago
Suppose that papers for a newspaper stand cost $0.40 and sell for $0.80. They currently have no salvage value.
nalin [4]

Answer and Explanation:

d. 0.07 (7%)  

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3 years ago
A necessary condition to use the equity method of reporting for an equity investment is that the investor company must
Vilka [71]
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4 0
3 years ago
Compute the continuously compounded interest rate for 228 days where the ACT/365 interest rate is 2.92%. Give your answer to fou
Nikitich [7]

Answer:

The answer is 1.8407.

Explanation:

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Interest rate 228 = (1+0.008%)^228-1  = 1.8407%

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3 years ago
what financial institution was tasked with assisting in rebuilding europe after world war ii, but ended up helping third-world c
Masteriza [31]

The financial institution of the World Bank was tasked with helping in the reconstruction of Europe after World War II, but ended up helping third world countries with public sector projects.

The Second World War, also known as World War II and abbreviated as WWII or WW2, was a global conflict that lasted from 1939 to 1945. It involved the vast majority of the world's countries, including all the great powers, forming two opposing armies. alliance: Allies and Axis Powers.

World War II was a total war that directly involved over 100 million people from over 30 countries. The major participants in the war threw all their economic, industrial, and scientific capabilities into the war effort, blurring the distinction between civilian and military resources. The causes of World War II are debated, but contributing factors included the Second Italo-Ethiopian War and the Spanish Civil War.

Learn more about  World War II here

brainly.com/question/1862239

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1 year ago
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