All categories

3 years ago

the supply curve shallow or steep? What does this mean about the elasticity of supply for memberships? (5 points)

Social Studies

2 answers:

MAVERICK [17]3 years ago

7 0

Answer:

<h2>In Microeconomics,supply curve is a graphical curve which illustrates the relationship between price of any product or service and its quantity supplied in the market.</h2>

Explanation:

Price elasticity of supply of any product or service basically examines the responsiveness or reaction of the quantity supplied of any product or service in response to any change in its market price.

A steep or shallow supply curve ideally indicates that the supply of any product or service is relatively price inelastic.
Inelastic price elasticity of supply of any product or service implies that the sellers or producers of the particular product or service in the market is relatively unresponsive or non-reactive or slow reactive to any change in the price of the concerned product or service.
In other words,the percentage of proportion of change in the quantity supplied of any product or service in this case is less than the percentage or proportionate change in the price of that particular product or service.

Lina20 [59]3 years ago

5 0

The aggregate supply and demand model is a model that shows what determines the total supply or the total demand of the economy and how the total demand and supply interact at the macroeconomic level.

Aggregate supply is the total amount of production that companies will produce and sell — in other words, real GDP.

Aggregate demand is the total amount spent on household goods and services in an economy.

Let's start by looking at the point where aggregate supply equals aggregate demand — equilibrium. We can find this point in the diagram below; this is where the aggregate supply, AS, and aggregate demand, AD curves intersect, showing the equilibrium level of real GDP and the equilibrium price level in the economy.

At a relatively low price level for production, companies have little incentive to produce, although consumers are willing to purchase a high quantity. As the price level of products increases, aggregate supply increases and aggregate demand falls until the break-even point is reached

You might be interested in

How do you make the cheer team

aliina [53]

Answer:

Explanation:

I’m in cheer all you have to do is focus on your moves and try not to get hurt❤️

7 0

3 years ago

Read 2 more answers

Which of the BEST describes the role played by Henry Grady in the late-1800s?

notsponge [240]

Newspaper editor BEST describes the role played by Henry Grady in the late-1800s

A) newspaper editor

Explanation:

Henry Grady was a columnist and political speaker of American landmass. He had begun his vocation as a columnist with Rome messenger pursued by being an Editor of Atlanta constitution. In the beginning year of 1800s he had begun a paper magazine with the assistance of his companion.

He bolstered harmony and he has a decent comical inclination with extraordinary persuasive aptitudes. In the late 1800's, when he had suspended a continuous authoritative get together by actually gatecrashing the gathering in session and taking the situation of representative, he in a senatorial voice dismissed the get together without being its part.

He had called for vote based government before the entire gathering speaking to the desires of the kindred residents.

6 0

3 years ago

Read 2 more answers

An employer instituted a wellness program for all employees. The wellness program includes an exercise facilityand several pay i

sertanlavr [38]

Answer:b. enlightened self-interest school

Explanation:

Enlightened self-interest can be defined as the ability of understanding and trusting that as we impact other people's lives positives our lives will also be impacted positively to some extent. As the saying which says "what goes around comes around " simple put. Even though our action may be driven by internal desires to acquire personal satisfaction but under the enlightened self-interest we also look for the needs of others to ensure their wellbeing; it is a two way street everyone benefits.

Devoting ourselves to improving other people lives gives us that satisfaction and the drive to keep going.

It is a fulfilling act that leaves an individual content with their lives for having played a role that changes someone else's live for good.

4 0

4 years ago

After completing the naturalization process, how long is the citizenship good for?

irga5000 [103]

5 years you have to redo it every 5 years I think

3 0

3 years ago

If a researcher's hypothesis is that the greater amount of time teenagers spend playing video games, the higher their grades in

julsineya [31]

Answer:

The amount of time spent playing video games.

Explanation:

When doing research, we usually come across two different types of variables. One is the independent variable and the other one is the dependant variable.

The independent variable is the one that we, as researchers, can control and that has an effect on another variable.
The dependant variable is the variable that we can't control and that is affected by the independent variable.

Therefore, we can control the independent variable but not the dependant variable. And the effect we will be observing will take place in the dependent variable.

In this example, the hypothesis is that the greater amount of time teenagers spend playing video games, the higher their grades in math. We can see that the hypothesis states that the math grades will be AFFECTED by the amount of hours teenagers spend playing video games. In other words, the amount of time spent playing will have an effect on the grades. Therefore, the independent variable is The amount of time spent playing video games.

4 0

3 years ago