1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
topjm [15]
3 years ago
11

An increase in the supply of a good will decrease the total revenue producers receive if Select one: a. the supply curve is elas

tic. b. the demand curve is inelastic. c. the demand curve is elastic. d. the supply curve is inelastic.
Business
1 answer:
Fudgin [204]3 years ago
7 0

Answer:

The correct answer is option b.

Explanation:

An increase in the supply of a product will cause the supply curve to shift to the right. This rightward shift in the supply curve will cause a decrease in the price level.

A decrease in the price level will cause the total revenue to decline if the demand curve is inelastic.

With an inelastic demand curve, a decrease in price will cause a less than proportionate increase in the quantity demanded. So the total revenue will decline.

An elastic demand curve, on the other hand, will increase the total revenue by causing a more than proportionate increase in the quantity demanded.

You might be interested in
An employee at falcon security is studying an analysis of data regarding the occurrence of problems and failures with its drones
Rama09 [41]
An employee at Falcon Security is studying an analyst of data regarding the occurrence of problems and failures with its drones camera. Based on the analysis, the employee may schedule maintenance on the equipment Falcon Security is using the analysis to decision making.
6 0
3 years ago
Sonia creates tests for judging product safety and advises companies about how to reduce harm from use or misuse of the product.
NISA [10]

Answer:

D) Product safety Engineer

Explanation:

8 0
3 years ago
When making investments, your primary motivation should be:
alexira [117]

When making an investment, the primary goal of every investor is to make money. Investing is an activity undergone by any individual called investor to gain profit. Profit is the amount of money the investor can earn out of his/her investment. The primary goal of every investor is profit.

7 0
3 years ago
Jill Scott is an accountant with Cameron and Associates, a law firm in downtown Seattle. The firm maintains a checking account w
gladu [14]

Answer:

There are usually 3 parties to a check transaction

The Drawer, the Drawee and the Payee.

The Drawee in this instance is Southern Rock Bank

Explanation:

The Bank warehousing the funds/Money is the one a check is drawn against, hence the term 'drawee"

The Account owner or representative who writes a check giving authority to the Bank to release of the Funds in its possession is the "Drawer

And the Beneficiary of the drawn up check becomes the Payee.

5 0
3 years ago
when rival firms compete aggressively by trying to attract competitors' customers, this might be an indication of:
Kryger [21]

Answer:

Slow industry growth

Explanation:

Slow industry growth is the growth that shows the industry at a slow rate or no growth is there.

It could arise when the consumer does not opt for a high demand

In the given situation, it is mentioned that when competitive firms aggressively trying to attract the customers of competitors so this is an indication of the slow economic growth and hence, the same is to be considered

5 0
3 years ago
Other questions:
  • Don and maria jefferies take $500 a month from savings. don and maria also receive social security, but maria receives 120 perce
    14·2 answers
  • On January 1, 2019, Brooks, Inc., borrows $90,000 from a bank to purchase machinery. Brooks signs a 5 percent installment note r
    10·1 answer
  • Which type of educational worker will most likely help students find books outside the classroom to help them write research pap
    11·1 answer
  • Which of the following statements regarding supply chain customer service is most accurate?
    12·1 answer
  • The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Acc
    6·1 answer
  • A benefit that is sought by an interest group and that once achieved cannot be denied to nonmembers is called a:
    10·1 answer
  • On December 31, 2018, Adelphi Corporation has outstanding 500 shares of $100 par value, 4% cumulative and nonparticipating prefe
    13·1 answer
  • 30- Which one of the following is an example of business goods?
    10·1 answer
  • 7. Liqin fixes up old cars and sells them to supplement his retirement income. Liqin came across a beat-up 1955 Corvette that sh
    9·1 answer
  • Mortensen Industries, which uses a process-costing system, adds material at the beginning of production and incurs conversion co
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!