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
yaroslaw [1]
4 years ago
7

Elasticity of supply is a measure of the way suppliers respond to a change in price. Please select the best answer from the choi

ces provided
a. True
b. False
Business
2 answers:
konstantin123 [22]4 years ago
5 0
I am pretty sure it is true.
Marrrta [24]4 years ago
4 0

Answer: false

Both producers and resource suppliers can respond to a change in price.

Explanation:

Elasticity of supply also called price elasticity of supply is the measure of the responsiveness of producers and resource suppliers to a change in price of the produce.

Mathematically, it can be defined as the ratio of percentage change in quantity of goods and services supplied to percentage change in price.

Price elasticity of less than one indicates an "inelastic" supply. When elasticity is greater one, the supply is "elastic" while zero price elasticity signifies a "fixed" supply.

Availability of raw materials, length of production, time to respond, number of producers, storage availability and ease are some of the factors that determine elasticity of supply.

You might be interested in
Companies typically enter into cause-related marketing programs to help a nonprofit organization achieve a worthy cause and have
professor190 [17]
It is false that companies typically enter into cause-related marketing programs to help a nonprofit organization achieve a worthy cause and have little expectation that this partnership will benefit their own brand. 
6 0
3 years ago
On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the not
k0ka [10]

Answer:

The journal entry would be:

Explanation:

Note: Options are missing so providing the journal entry.

The journal entry would be for recording the collection of the note is:

October 30

Cash A/c.........................Dr      $10,150

    Interest Revenue A/c.........Cr     $150

    Notes Receivable A/c.........Cr    $10,000

On October 30, the amount is collected so the any increase in cash is debited. Therefore, cash account is debited. And it is collected against a  notes Receivable  of $10,000 so it leads to decrease in liability, it is credited. Therefore, the notes receivable is credited. And the interest revenue is credited.

5 0
3 years ago
What the difference between yelling and raising your voice?
Eva8 [605]

The Difference from Yelling and raising your voice is... Yelling your like using anger it don't always have to be using anger it can be raising your voice but when you go outside and feel so excited! You Say WHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO That's yelling and now here is an example of anger yelling Example: Go to your room! NO!! Even though you cannot hear but the Caps your using anger raising your voice is making it more clear. now it can be used as yelling aswell but not this time raising is let's say your shy your mother ask what do you want to eat you say Zaxbys she say's huh? Raise your voice i can hear you. Raise & Yell 2 Different things but can mean the same thing  Yell And Raise 2 Different Things But Can Mean The Same Thing! Yelling can be used as anger or loudness Raising can be used with anger aswell or raising your voice so people can hear you.

I really hope this helps you! :D

5 0
3 years ago
Read 2 more answers
Hurwitz and Padden formed a two-person law firm as a partnership without a written agreement. They shared all proceeds on a fift
AveGali [126]

Options:

a. not entitled to more than 50 percent of the profits, because the parties historically had divided the profits fifty-fifty.

b. not entitled to more than 50 percent of the profits, because it was appropriate to apply partnership principles to an LLC when there was no operating agreement.

c. entitled to more than 50 percent of the profits, because Hurwitz would be unjustly enriched if he received 50 percent of the profits.

d. entitled to more than 50 percent of the profits, because it was the parties' intent to compensate Padden to a greater extent than Hurwitz

Answer:

B

Explanation:

Since neither the partnership nor the limited liability company had any partnership agreement that stated how Hurwitz and Padden would share the profits generated by the business, then the general rule of partnerships should apply, i.e. profits and losses must be divided equally among all the partners.

6 0
4 years ago
The catapult systems repair crew on an aircraft carrier is responsible for repairing the system that launches the aircraft from
Dima020 [189]

Answer: Organic Structure

Explanation: Organic Structure may be explained as a type of organizational structure which often promotes creativity, being proactive and flexible decision making due to the unstable and dynamic nature of the work environment and problem the organization has to solve. In the scenario above, due to the risky nature of the task at hand, catapult repair crews do not posses the luxury of time to follow rigid orders, rules or follow a centralized model of problem solving. Therefore, a decentralized model is often adopted in other to afford the repair crew to use their tactical nous, experience and creative ability to approach, tackle and provide quick and quality solutions to lingering problems.

7 0
3 years ago
Other questions:
  • Jim deposits $6,000 into a money market account interest at an annual rate of 5.5% compounded continuously.
    13·1 answer
  • Ella had been using an imported brand of shampoo for several years, but she could no longer find it anywhere. As she was conside
    7·1 answer
  • Why is it important not to form cliques with friends or ignore or leave out team members that you are not close to you personall
    12·1 answer
  • ABC Services reported the following transactions for September, 2013. A) The owner opened the business with a capital contributi
    13·1 answer
  • Spectacular Corporation began the year with accounts​receivable, inventory, and prepaid expenses totaling $67,000. At the end of
    12·1 answer
  • Ceteris paribus means demand will change when price changes
    14·1 answer
  • 7. GH Company has $5000 of debt and $20,000 of equity. GH pays 5% interest on all of its debt. GH has an equity beta of 2. The m
    15·1 answer
  • Your employer must offer (at no cost to you) a vaccine against ___________ if your job _____________.'
    5·1 answer
  • UJ Corp. reported net income for the year of $115,000. What is the net cash flows from operating activities given the following
    14·1 answer
  • when it comes to measuring brand equity, which type of research is particularly helpful in identifying the sources of brand equi
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!