Answer:
a) elastic
Explanation:
Elasticity is a microeconomic concept that aims to measure the sensitivity of demand for savings to changes in interest rates. When calculating elasticity is a result greater than 1, the demand for savings is said to be elastic (interest-sensitive). Thus, slight interest rate variations will be sufficient to increase savings deposits. This is because people stop consuming to save and earn interest income. When the value is less than 1, savings are inelastic - little interest-sensitive. Thus, interest rate changes would not affect savings. This means that interest earned on savings is not attractive and people prefer to invest their money. in the consumption of goods and services.
This relationship is not fully known to economists in the long run, but in the short run there is a direct relationship between rising interest rates and increasing savings deposits. Thus, it is said that in the short term, the demand for savings is elastic at the interest rate. With each interest rate increase, the savings deposit rate increases.
To build your market and contact products so you can your products ready to sell
In a situation where there are low economies of scale and a long response time, the supply chain strategy should focus on production flexibility since detailed and accurate forecasting is not of critical importance.
A supply chain is the network of all the people, businesses, resources, tasks, and technological advancements involved in the production and distribution of a good. An entire supply chain, from the distribution of raw materials from the supplier to the producer to the final delivery to the customer, is included.
A supply chain is the network of businesses, individuals, tasks, information, and resources used to deliver goods or services to customers.
Learn more about supply chain here
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Answer:
$100,000 is accounted in first quarter GDP as change in inventory
Explanation:
Changes in inventory is accounted in the current period GDP as it is an investment. It is a part of gross private investment of GDP. Changes in inventory happens when closing inventory differs from opening inventory.
When sales are more than goods produced, it indicates that the company has purchased its own inventory for investment purpose.
In this case $100,000 inventory in quarter 1 would be included in quarter 1 GDP as part of private investment.
