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enot [183]
3 years ago
7

When the price of a cell phone increases by 5 ​percent, the quantity of cell phone calls demanded decreases by 3 percent. calcul

ate the cross elasticity of demand for cell phone calls with respect to the price of a cell phone?
Business
1 answer:
Ratling [72]3 years ago
7 0

To calculate the cross elasticity of demand you divide the percent change in quantity by the percent change in price.

5/3 = 1.666

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The long-run aggregate supply curve is vertical because: minimum wage sets the long-run wages. the price level is constant in th
mixas84 [53]

Answer:

The correct answer is the second option: The price level is constant in the long run.

Explanation:

To begin with, the concept of the <em>"aggregate supply"</em> refers to the total amount of goods and services that firms are willing and are able to offer at a certain price level given and at a determine period of time. Moreover, at the long-run the aggregate supply curve is not affected by many variables as it is in the short run and this is due to the fact in the long run the economy is said to be at full capacity and optimally and also because the changes in the aggregate demand are only affective in the short run to the economy's total output.

4 0
3 years ago
a. Create the most efficient way to move products from producer to consumer b. Create a network of suppliers, intermediaries and
schepotkina [342]

Answer:

a. producers-wholesalers-retailers-consume

b.

Explanation:

it is easy to cut cost of transport, storage ,etc

8 0
3 years ago
If a customer buys 1 xyz aug 50 put at 1 and sells 1 xyz aug 65 put at 10 when xyz is at 58, the maximum potential gain is?
Olenka [21]

If a client buys 1 XYZ Aug 50 put at 1, and deals 1 XYZ Aug 65 put at 10 when XYZ is at 58, the greatest potential gain is 900.

<h3>The Formula and Calculation of Time Value</h3>

The instructions below show that time value is derived by removing an option's intrinsic value from the option bonus. In other words, the time worth is what's left of the premium after calculating the profitability between the strike expense and the stock's price in the market.

The maximum gain on any distinction spread is the net credit. In this issue, $1,000 was received and $100 paid out, so the net recognition is $900.

To learn more about potential gain visit the link

brainly.com/question/15584302

#SPJ4

3 0
2 years ago
Honesty is important to rosa. She bought a sandwich that cost $3.50. However the clerk asked her for only $3. What should rosa d
dsp73
Be honest and pay the 50 cents.
3 0
3 years ago
Read 2 more answers
______ involves the free flow of products and factors of production between member countries, the adoption of a common external
Ivahew [28]

Answer:

A, an economic Union.

Explanation:

An economic union is a type of trade agreement concerning the same market of commodities, between a group of countries.

The trade agreement usually involves the free flow of the factors of production as well as factors of production.

Also, the agreement means that countries that are a part of the economic union are able to adopt a currency, regulate and harmonize tax rates as well as implement similar policies.

Asides economic union, there are other types of trade agreements and they include, free-trade zones, custom union, etc.

Cheers.

5 0
3 years ago
Read 2 more answers
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