Answer:
B. the passage of time.
Explanation:
Price elasticity of supply measures how sensitive quantity supplied are to changes in price.
Price elasticity of supply is determined by the passage of time.
Typically, in the short run, the elasticity of supply is usually inelastic. Prices do not usually impact quantity supplied because in the short run, some of the factors of production are fixed. But in the long run, the price elasticity of supply are more elastic.
The other factors listed above in the options affect the price elasticity of demand.
Answer:
TRUE
Explanation:
As Cherry Doux Bakery reaches an agreement with Candy Call to use Candy Call's original dark chocolate in its popular chocolate cookies and sell them in its stores. The two companies are using a strategy known as co-branding. Co-branding is a marketing technique where two brands pool their resources and share advertisement, technology, risks and sell their products/services together which is quite helpful for the both brands. For example, when Dell use intel processors and advertise it in its ads, it is a perfect example of co-branding. Co-branding is help and effective for both of the organization. One company can leverage its products and this sales with the help of another company. In this strategy, strategic alliance between both brands can get stronger hold in the market with more and enhanced brand awareness as well.
Answer:
The equilibrium price of corn syrup will fall. The change in equilibrium quantity will depend upon the extent of change in demand and supply.
Explanation:
Corn syrup and maple syrup are substitutes.
News of health benefits from maple has increased the demand for maple syrup and decreased the demand for corn syrup.
The demand curve for corn syrup will move to the left.
Meanwhile, the government has subsidized corn crops. This will cause the price of corn to fall. As the input price declines the cost of producing corn syrup will decline as well. The firms will be able to provide more at the same cost.
This will cause the supply to increase. As the supply curve moves to the right. The equilibrium price of corn syrup will fall. The change in equilibrium quantity will depend upon the extent of change in demand and supply.
Answer: Undue influence
Explanation:
Unreasonable control in jurisprudence is a legitimate principle involving one person taking advantage of a position of authority over another. The power imbalance between the parties will vitiate the consent of one party as they are unable to exercise their independent will freely.
"Undue control" means undue coercion forcing another person to act or refrain from acting by overriding the free will of that person and contributing to inequality.
Answer:
Norway
Explanation:
UK and Norway are producing two goods: Oil and shoes
UK's opportunity cost of producing 1 unit of oil = 2 pairs of shoes
Norway's opportunity cost of producing 1 unit of oil = 1/2 pair of shoes
Therefore,
Once trade is allowed among the trading nations, then a nation is exporting a commodity in which it has a comparative advantage and importing a commodity in which it has a comparative disadvantage.
Norway has a comparative advantage in producing oil because it has a lower opportunity of producing oil as compared to UK.
Hence,
Norway should produce oil.
