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mixas84 [53]
3 years ago
15

Suppose the demand for wheat increased dramatically between 1950 and 2000 but the equilibrium quantity increased only slightly.

Absent any other​ changes, what could explain the small increase in the equilibrium​ quantity? The equilibrium quantity of wheat could have increased only slightly given a dramatic increase in demand because
Business
1 answer:
Dahasolnce [82]3 years ago
4 0

Answer:

Because Demand is more Inelastic.

Explanation:

Market Equilibrium is determined where Market Demand = Market Supply & upward sloping supply curve, downward sloping demand curve intersect .

If Demand is more inelastic (less respondent to price) , the demand curve is steeper. This implies massive increase i.e rightwards shift in demand curve - would establish new equilibrium with equilibrium quantity increased slightly.

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You would like to know the minimum level of sales that is needed for a project to be accepted based on its net present value.
Andrei [34K]

Answer:

C. financial break-even point.

Explanation:

Break even point in economics is the point in the business, wherein cost and revenue generated are equal and business make no profit, no loss. Similary Financial break even has a same concept, however, it is a point in business, wherein earning before EBIT is equal to the fixed financial cost of the company and these fixed costs should be earned by the company to run its business and meet its fixed financial obligation. The earning above the financial break-even point is a profit to the shareholder.

Point in financial break even, wherein earning per share is equal to zero.

8 0
3 years ago
Jessica teaches business studies in a reputed college. As part of the curriculum, she needs to demonstrate to her students the s
nata0808 [166]

Answer:

In the first step jessica should discuss the basic and general ideas of creating business.

Explanation:

As mentioned in the question jessica teaches business studies in a college and she has to demonstrate her students the steps which would be involved in the starting of a business.

So, she has thought to demonstrate the ideas in a sequential order with proper examples and all the steps should be explained nicely.

So,here in the first step she will need to:

Start with the most basic and general idea of creation of  new business.

Here we should know why a business basic idea so important:

  • Because a proper plan will only lead to a business reality.
  • The idea will work as a blueprint in the guidance of business
  • The best idea will progressively lead to well settled company from a start-up.
6 0
3 years ago
Assume the firm's dividend is $3.44 this year, and that the required rate of return for the firm's industry is 10.2%. The firm's
creativ13 [48]

Answer:

<h2>i hope D is right answer </h2>

Explanation:

<h2> .........7⃣7⃣7⃣7⃣7⃣7⃣</h2>

6 0
3 years ago
If the French bank Société Générale reported its 2019 net income was 23,561 million euros and its operating expenses totaled 16,
VashaNatasha [74]

Answer:

39,577 million euros

Explanation:

Calculation to determine the what was its gross profit

Using this formula

Gross profit=Net income+Operating expenses

Let plug in the formula

Gross profit=23,561 million +16,016 million

Gross profit=39,577 million euros

Therefore gross profit will be 39,577 million euros

3 0
3 years ago
Select the correct answer. What is the activity of in-store promotion called? A. controlling B. prospecting C. merchandising D.
ollegr [7]

Answer:

D

Explanation:

5 0
4 years ago
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