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Luden [163]
3 years ago
11

When the price of erasers increases from $1.50 to $2.50, the quantity demanded of pencils is unchanged. The cross-price elastici

ty of demand between erasers and pencils is ________ because erasers and pencils
Business
1 answer:
xeze [42]3 years ago
3 0

Answer:

Perfectly Inelastic

Explanation:

Demand can be defined as the total quantity of a commodity which a consumer is willing and able to buy at a particular time and price.

There are several types of elasticity of demand a perfectly elastic demand is one that quantity remains the same regardless of a change in price

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If nominal wages fall which of the following will occur in the short run? The SRAS curve will shift to the right The SRAS curve
bixtya [17]

Answer:

The SRAS curve will shift to the right.

Explanation:

A decline in nominal wages will reduce the cost of hiring labor. The overall cost of production will reduce as well. The firms will be able to increase production and investment.  

This increase in production and investment will increase the aggregate supply. As a result, the short-run aggregate supply curve will move to the right. This will cause the equilibrium price to fall and the equilibrium quantity to increase.

7 0
3 years ago
Baker’s Financial Planners purchased seven new computers for $970 each. It received a 20% discount because it purchased more tha
yawa3891 [41]

Answer:

Check:  5,269.04

Explanation:

We will multiply each computer by the list price. Then, apply the order discount of 20%. Finally the invoice discount of 3% for payment within 10 days

7 computer x 970 dollars each = 6,790

20% Discount for quantity:

6,790 x 20%                                  (1,358)

                   Invoice nominal:        5,432

discount within the first 10 days:

5,432 x 3%                                       (162.96)

        final amount:                       5,269.04

4 0
3 years ago
Since the 1980s, many "developing" countries have liberalized trade and investment, often because they have had to accept IMF St
kolezko [41]

Answer:Please Refer to the explanation section

Explanation:

The question has insufficient information, we are supposed to be studying the diagram to determine outlier countries with poorest international shipping logistics. i have consulted the International Shipping Logistic performance  index 2018 to find poorest countries in terms of international shipping logistics. according to the world bank countries like Zimbabwe, Lesotho , Syrian Arab Leon , Sierra Leon and Niger are some of the poorest countries when incomes to international shipping

Challenges Faced by these countries.

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Countries like Zimbabwe , Niger and Lesotho face great challenges in international shipping logistics because they are land locked. any Political instabilities in the neighbouring countries affect they logistics businesses directly because the need entry to other countries to transport goods

  • Political Instability

Countries like Syrian Arab Republic, Somalia and Sierra Leon suffer from Political instability which makes it difficult for the to trade with other countries.

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3 years ago
Group of answer choicesThe riskiness of the portfolio is greater than the riskiness of one or two of the stocks. The beta of the
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Answer:

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3 0
3 years ago
According to the agency problem, _________ represent the principals of a corporation.
malfutka [58]
The right answer for the question that is being asked and shown above is that: "a. shareholders." According to the agency problem, shareholders represent the principals of a corporation. They have to represent the whole company as a whole.
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