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11111nata11111 [884]
4 years ago
7

When quanity demanded is completely responsive to price, what is the value of price

Business
1 answer:
Bogdan [553]4 years ago
7 0

Answer:

The value of price will be exactly what demand is willing to pay, without possibility of change.

Explanation:

We call that a perfectly elastic demand. When we have that kind of price elasticity, any change in price upwards will affect the demand, making it fall to almost zero. On the opposite, if we have a change in price downwards, the demand will not increase. Bread, books, and pencils are good examples of that.

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​ Chandra sues Martin for breach of contract. Both parties have completed discovery. Chandra now wants her attorney to file a mo
Vlada [557]

Answer:

Chandra should request her attorney to file a motion for summary judgement because both parties have past the pleading stage of litigation and they both have also completed discovery. Since enough evidence was gathered during discovery, then Chandra is entitled to judgement.

8 0
3 years ago
Match the following terms with their definitions. the resources wasted when inflation induces people to reduce their money holdi
gogolik [260]

Answer:

Explanation:

Match the following terms with their definitions.    

A. Confusion and Inconvenience :inflation decreases the reliability of the unit of account making it more complicated to differentiate successful and unsuccessful firms thereby impeding the efficient allocation of funds to alternative investments.

B. Shoeleather costs : the resources wasted when inflation induces people to reduce their money holdings.

C. Relative Price Variability : because prices change infrequently, higher inflation causes relative prices to vary more. Decisions based on relative prices are then distorted so that resources may not be allocated efficiently.

D. Unexpected Inflation :inflation decreases the real value of debt thereby transferring wealth from creditors to debtors.

E. Menu costs the cost of more frequent price changes at higher inflation rates.

F. Inflation Induced Tax Distortions :the income tax is not completely indexed for inflation; an increase in nominal income created by inflation results in higher real tax rates that discourage savings.

4 0
4 years ago
Forever Quilting is a small company that makes quilting kits priced at $120 each. There is no quantity discount. The costs of th
frutty [35]

Answer:

total revenue for the month = $18000

Explanation:

given data

makes quilting kits priced = $120 each

materials each kit total = $45

labor to assemble a kit = $5

rent and insurance = $1,000

heat and electricity = $200

advertising = $500

monthly salary = $4,500

sold = 150 kits

to find out

total revenue for the month

solution

we get here total revenue for a company that will be here product of the price

and it charge for  product and no of product it sell so It is nothing to do with cost

so now  the total revenue for the month will be

total revenue =  sold × makes quilting kits priced

total revenue = 150 × $120

total revenue for the month = $18000

7 0
4 years ago
An employment interview designed as a free-flowing dialogue is referred to as a(n) _____ interview.
Romashka [77]

Answer:

2). open

<u>Multiple -choices</u>

<u>1)</u>. behavioral 2). open 3). semiprofessional 4). standard

Explanation:

An open interview is designed as a free-flowing dialogue between the interviewer and the applicant. The interview can be conducted in a group or individual format. The interviewer does not present themselves with a set of prepared questions for the candidates to respond.

An open interview can be conducted either in the office or outside the office. They are more casual than formal and may lead to instant job offers.

7 0
3 years ago
Read 2 more answers
Use this balance sheet to do horizontal analysis of the Howard Company. 2019 2018 amount percent Assets Current Assets $13,000 $
Diano4ka-milaya [45]

Answer: 30%

Explanation:

The the percent increase or decrease for current assets will be:

= Increase in current asset / Old current asset × 100

= (13000 - 10000) / 10000 × 100

= 3000/10000 × 100

= 30%

Therefore, the Percent increase in he current asset is 30%

5 0
3 years ago
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