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masha68 [24]
3 years ago
12

A decrease in supply will cause the largest increase in price when a. both supply and demand are inelastic. b. both supply and d

emand are elastic. c. demand is elastic and supply is inelastic. d. demand is inelastic and supply is elastic.
Business
1 answer:
Bezzdna [24]3 years ago
6 0

Answer:

c. demand is elastic and supply is inelastic.

Explanation:

Elasticity is a measure of how buyers and sellers react to a change in prices, and allow us to analyze supply and demand more accurately.

The price elasticity of demand measures how much the quantity demanded changes due to a change in prices. If the demand curve is elastic, total revenue falls as the price increases. If the demand curve is inelastic, total revenue increases as the price increases.

With an elastic demand curve, an increase in prices leads to a decrease in the quantity demanded, in a greater proportion than the increase in prices, in this way total revenue decreases. and the supply decreases greatly.

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Which of the following has given consumers unprecedented power to express likes and dislikes, compare prices, find the best deal
STatiana [176]

Answer:

The correct answer is letter "A": Digital technology.

Explanation:

When talking about commerce, digital technology has allowed buyers and sellers from different parts of the world find and offer goods and services without the need to physically meet. The transaction also includes all the steps and efforts necessary to deliver consumers the product at the door of their houses.

Besides, digital technology has allowed consumers to express their ideas massively based on the experience they had with the digital vendors and price so other prospective consumers have an idea of the service provided by the merchant is good or if they should look for a different seller.

8 0
3 years ago
What does the intersection point of the demand and supply curves mark? The intersection point of the demand and supply curves ma
vladimir2022 [97]

Answer:

The equilibrium point

Explanation:

The equilibrium point is where there is an exact quantity of production output that perfectly satisfies the total demand of the market.

6 0
3 years ago
Read 2 more answers
The company estimates future uncollectible accounts. The company determines $4,400 of accounts receivable on January 31 are past
Salsk061 [2.6K]

Answer:

Journal entry

Explanation:

Before passing the journal entry we need to do the following calculations

Uncollected amount is

= $4,400 × 50%

= $2,200

Uncollected amount is

= ($4,400 - $2,200) × 0.03

= $2,200 × 0.03

= $66

So, the total amount is

= $2,200 + $66

= $2,266

Now the journal entry is

Bad debt expense $2,266

        To Allowance for uncollectible accounts $2,266

(Being the uncollectible account is recorded)

4 0
3 years ago
you've observed the following returns on crash-n-Burn computers stock over the past five years: 17 percent, -4 percent, 20 perce
Anastaziya [24]

Answer:  11%

Explanation:

Arithemetic mean is the average of a set of numeric variables that is calculated by adding them up and dividing by the number of variables there are.

= (0.17 + (-0.04) + 0.2 + 0.12 + 0.10)/5

= 0.55/5

= 0.11

= 11%

6 0
3 years ago
Which of the following statements is FALSE?A) Without trading, the portfolio weights will decrease for the stocks in the portfol
Hoochie [10]

Answer: The correct answer is "A) Without trading, the portfolio weights will decrease for the stocks in the portfolio whose returns are above the overall portfolio return.".

Explanation: The statement "A) Without trading, the portfolio weights will decrease for the stocks in the portfolio whose returns are above the overall portfolio return." is FALSE, because it is the opposite, that is Without trading, the portfolio weights will <u>increase</u> for the stocks in the portfolio whose returns are above the overall portfolio return.

8 0
2 years ago
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