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astra-53 [7]
3 years ago
15

When economists are sketching examples of demand and supply, it is common to sketch a demand or supply curve that is close to ve

rtical, and then to refer to that curve as _________.
a. inelastic
b. elastic
c. unitary elasticity
d. income elasticity

Business
1 answer:
Hitman42 [59]3 years ago
6 0

Answer:

a. inelastic

Explanation:

<em>As you can see in the image I added, the curve that is close to a vertical is the inelastic one.</em> Inelastic means that the demand remains the same even if the prices go up or down.

I hope you find this information useful and interesting! Good luck!

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Lisa goes to a car dealership to purchase a new honda accord. she is not willing to pay the listed sticker price for the car, an
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Given that <span>Lisa goes to a car dealership to purchase a new honda accord. she is not willing to pay the listed sticker price for the car, and she instead works with the salesperson and manager until a mutually satisfactory price is agreed upon.

This is an example of negotiated pricing.</span>
8 0
3 years ago
Spencer Co. decides to establish a petty cash fund with a beginning balance of $200. The company decides that any purchase under
Dahasolnce [82]

Answer:

b. Debit Petty cash $200 and credit cash $200

Explanation:

Based on the information given we were told that the Company decided to establish petty cash fund that has a beginning balance of the amount of $200 which means that journal entry to record establishing the account will be:

Dr Petty cash $200

Cr Cash $200

5 0
3 years ago
The political business cycle refers to the phenomenon that just before elections, politicians enact ________ policies. After the
vovikov84 [41]

Answer:

The correct answer is option B.

Explanation:

The political business cycle can be defined as the fluctuations in the economy caused because of political activities. Often before elections, politicians enact expansionary policy to show economic growth to prove their competence.  

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6 0
3 years ago
EA8.
Nadya [2.5K]

Answer:

$22.5 per unit

Explanation:

Given that,

When 15,000 units produced,

Company has fixed costs per unit = $18 per unit

Company has variable cost per unit = $9 per unit

Therefore,

Total fixed cost at 15,000 units:

= 15,000 units × $18 per unit

= $270,000

Per unit Fixed cost at 12,000 units:

= Total fixed cost ÷ 12,000 units

= $270,000 ÷ 12,000 units

= $22.5 per unit

3 0
3 years ago
Recognizing the importance of small businesses, Congress created the _____ to offer direct services to owners of these enterpris
nevsk [136]
Are their any options for the blank space that you could use?
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3 years ago
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