All categories

3 years ago

Once something is considered scarce, it is scarce forever. A. True B. False

Business

1 answer:

Alex Ar [27]3 years ago

4 0

Answer:

False.

Explanation:

Something that is scarce is not extinct. Therefore, that scarce item can always come back plentiful with due time.

You might be interested in

An article in the Wall Street Journal on the housing market states that "Steady job growth, rising wages and low interest rate

tensa zangetsu [6.8K]

Solution and Explanation:

Since interest rate is the cost of borrowing, lower interest rate decreases the cost of borrowing for housing mortgage, which increases demand for housing.

It is very much clear from the demand and interest rate have a certain relationship. If the interest rate on a particular amount is lower then the customers will try to get more amount as the cost on such amount will be less which means the burden on the customers would be lower.

6 0

3 years ago

What do economists call the shift of the entire curve?

Sophie [7]

Economists call this a change in demand as the curve is directly linked to the demand of the product. When the demand goes up or down the curve moves left or right accordingly.

5 0

2 years ago

Last month, sellers of good Y took in $100 in total revenue on sales of 50 units of good Y. This month sellers of good Y raised

nekit [7.7K]

Answer:

Option c = They are Substitutes and have cross price elasticity of 1.67

Explanation:

Cross-Price Elasticity = %change in Quantity demanded of good X

%change in Price of good Y

% change in Quantity Demanded of good X = Q2-Q1 × 100

(Q1+Q2)

% change in Quantity Demanded of good X = 40-20 ×100

(20+40)

% change in Quantity Demanded of good X = 66.67%

% change in price of good Y = P2-P1 × 100

( P1+P2)

Last month Total Revenue = $100

Total Units = 50

Last month Price / unit = 100/50 = $2

This Total Revenue $120

Total units 40

This monthPrice / unit = 120/40 = $3

% change in price of good Y= 3 - 2 × 100

3+2

% change in price of good Y = 1 × 100

2.5

% change in price of good Y = 40%

Cross-Price Elasticity = 66.67

Cross- Price Elasticity = 1.67

Since its greater than 1 its Cross price elasticity of Substitute

also as the price of good y increased from $2 to $3 the quantity demanded of good x increased although its price remained constant which indicates its a substitute good as people preferred buying good x instead of good y

6 0

3 years ago

Question 8

Ghella [55]

Answer:

Explanation:

I know the answer

8 0

2 years ago

Read 2 more answers

In ________, employees are given a voice in how they do their jobs and in how the company is managed.

9966 [12]