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VARVARA [1.3K]
4 years ago
8

If the demand for a good is estimated to be _____, then firms producing the good will experience an increase in total revenue if

prices fall.
Business
1 answer:
m_a_m_a [10]4 years ago
7 0

Answer: elastic

Explanation:

Elastic demand is a demand that occurs when the quantity demanded for a product or service results in a greater percentage change when there is a change in price.

For example, when there's a fall in price, this will lead to large change in quantity demanded for the good. Since there's an increase in the quantity demanded, it will lead to increase in revenue.

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3 years ago
What is one way we know about what accounting in the ancient world was like?
Degger [83]

Answer:

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Explanation:

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2 years ago
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andrew11 [14]

Answer:

Jameson’s opportunity cost of producing one pound of cheese is 0,002 house(s).

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In this exercise, Jameson has the resources to produce 5000 pounds of cheese or 10 houses per year or a combination of both.

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<u>So to produce 1 pound of cheese you need 0,002 of a house.</u>

4 0
3 years ago
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nika2105 [10]

That statement is true

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3 years ago
The information systems of several firms have been compromised by insiders that can include contract employees, cleaning staff,
ch4aika [34]

Answer:

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<h3>What is an Information system?</h3>
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To learn more about it,  refer

to brainly.com/question/25689052

#SPJ4

7 0
1 year ago
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