The Christmas tree farm would respond by:
- In the short run, producers are going to earn profits and also increase their supply of the product.
This is what usually happens whenever there is an increase in the prices of goods in the supply side of the market.
As the prices would go up, the producers would want to take advantage of the increases to make as much gain as they can from the market.
This is only short term profit. Therefore the supply is going to be inelastic. The demand is only going to available for a short while.
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Answer:
Technology that should have made salespeople
Explanation:
In To Sell Is Human, bestselling author Daniel Pink debunks the trope of the polyester-clad trickster as the face of sales in America. In fact, Pink found that most Americans now spend a good part of their job in “non-sales” sales, moving people by persuasion even if they aren’t trying to get them to buy a product. Pink explores how the increased accessibility due to the internet has made being a buyer better than ever and what salespeople need to do to be successful in a “caveat venditor” (seller aware) economy.
Answer:
The consequences of hyperinflation are that people spend significant time and effort buying goods and services to avoid losing purchasing power, and that investors make speculative rather than productive investments.
Explanation:
Hyperinflation means extremely high inflation. There is no generally accepted definition of the term, but a rule of thumb is at least 50% inflation per month. Unlike inflation, hyperinflation is often associated with a general collapse of confidence in a country and its institutions.
The general collapse of confidence creates financial turmoil which means that a country no longer has the opportunity to rely on loans to finance its commitments. As a result, the government needs to increase the money supply, that is, to create money, to meet its expenditure. The increased amount of money decreases the value of the currency and causes a price increase in nominal terms.
When hyperinflation has gone really far, it is difficult for the government to improve the situation by printing more money. People then move to foreign currencies, create new currencies or do barter.
Answer:
Dividend yield= 3.53%
Explanation:
<em>The dividend yield is the proportion of the market price that is earned as dividend. The higher the dividend yield the better for the investor.
</em>
The dividend yield is calculated as follows:
Dividend yield = Dividend paid /Current market price per share × 100
Dividend yield = 1.40/39.70× 100= 3.52
Dividend yield= 3.53%