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kondor19780726 [428]
3 years ago
12

Suppose that on Valentine's Day, the demand for both roses and greeting cards increases by the same percentage amount. However,

the price of roses increases by more than the price of greeting cards. Based on this information, you can conclude that the supply of Valentine's card:_______.
Business
1 answer:
ryzh [129]3 years ago
6 0

Answer:

The correct answer is: the supply of the greeting cards is less elastic than the one of the roses.

Explanation:

To begin with, the elasticity show how much the price and the quantity are related by indicating the variation that happens to one of them when the other changes. Therefore that the supply of the greeting cards is less sensitive to price because when the quantity demanded increased the price did not change as much as the roses due to the fact that the sellers were not encourage as much as the sellers of the roses to produce more and therefore to increase the price of the cards. So to sum up, when the price changed the sellers were not encourage to increase the production of the cards as much as the production of the roses because of its elasticity.

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irina [24]

Answer:

The answer is C) 1.25

Explanation:

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Operating Leverage= ($7,200 + $1,800) / $7,200= 1.25

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Scenario 13-6 Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As
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Answer:

total cost of farming = $380

so correct option is d. $380

Explanation:

given data

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time = 10 hours

solution

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3 years ago
You just heard that a​ well-known manufacturer in a different industry segment is going to enter your market with a product that
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3 years ago
A wealth gap is an economic difference between
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6 0
3 years ago
Crane Company had the following account balances:
aivan3 [116]

Answer:

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Explanation:

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We can calculate the total revenue by using following formula:

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3 years ago
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