Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer: False
Explanation:
The price elasticity of supply measures the change in quantity supplied when the price changes.
The basic trend is that when price increases, quantity supplied increases as well. The reverse is true.
Price elasticity of supply = %Change in quantity supplied / % change in price
0.5 = -6% / Change in price
0.5 * Change in price = -6%
Change in price = -6% / 0.5
= -12%
The statement above is therefore false because price should have reduced by 12% for quantity supplied to reduce by 6%
Answer:
Option C is the correct answer - the adoption curve shows that some groups accept a new idea before others.
Explanation:
The innovation adoption curve matches the entry of users into various categories. It is used to separate customers based on their readiness to accept new technology or an idea.
Normally, the first set of people to adopt the new idea or the technology are the innovators.
Therefore, option C is the correct answer - the adoption curve shows that some groups accept a new idea before others.
Answer:
they help you focus on how to get to your long term goal, like how you focus on the drive not the destination.
Explanation:
A firm's expected revenues and expenses are what should be included in a firm's business model.
<h3>What is a business model?</h3>
A business model is document that contains processes and procedures of how a company would operate.
This document is important for effective organization control and also assist coordinate business relationships amongst stakeholders
Learn more about business model here: brainly.com/question/1171429
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