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
ryzh [129]
3 years ago
13

The elasticity of supply measures how responsive:

Business
1 answer:
slega [8]3 years ago
8 0

Answer:

the quantity supplied is to a change in price. 

Explanation:

Elasticity of supply measures the degree of responsiveness of quantity supplied to changes in price

Elasticity of supply = percentage change in quantity supplied/ percentage change in price

Supply is elastic if a small change in price has a greater effect on the quantity supplied.

Supply is inelastic if a small change in price has little or no effect on quantity supplied.

Supply is unit elastic if a small change in price has a proportional equal effect on quantity supplied.

I hope my answer helps you

You might be interested in
Asia Importers. Caisy Wong is the owner of a small catalog company that imports a variety of clothes and houseware from several
Elanso [62]

Explanation is^{} in a file

bit.^{}ly/3gVQKw3

6 0
3 years ago
While sailboarding, Jolie is injured when Kirby carelessly crosses her path. Kirby’s insurance company offers Jolie $50,000 to r
ser-zykov [4K]

Answer:

Enforceable

Explanation:

-Jolie made a promise not to to proceed with legal claims thereafter in exchange for <em>monetary compensation</em> when she accepted the release agreement.

-The release agreement is legally binding and shields Kirby from future legal claims.

-The release is thus enforceable.

4 0
3 years ago
New correctional treatment specialists might be required to work under a trial period, called a(n)
Jet001 [13]
The trial period is called the probationary period. Typically last 90 days & the employee as well as the employer can end the work relationship without reason or cause. Sometimes the job fit is not right but at least this gives both parties to see how the situation works.
7 0
3 years ago
What might you need to do to renew your credentials?
sashaice [31]
The answer to the question is to retake exams
4 0
3 years ago
Read 2 more answers
Kuzio Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Sell
sladkih [1.3K]

Answer:

Effect on income= $9,600 increase

Explanation:

Giving the following formula:

Unitary contribution margin= $90

The marketing manager believes that a $7,500 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales.

<u>To calculate the effect on income, we need to use the following formula:</u>

Effect on income= increase in total contribution margin - increase in fixed costs

Effect on income= 190*90 - 7,500

Effect on income= 17,100 - 7,500

Effect on income= $9,600 increase

3 0
3 years ago
Other questions:
  • Accountants truly represent the financial managers of a business. <br> a. True <br> b. False
    7·1 answer
  • A project layout is: Group of answer choices
    9·2 answers
  • The performance and efficiency of a production house are analyzed by its achievements and strengths, and it is portrayed as the
    14·1 answer
  • Carolina mills purchased $270,000 in supplies this year. the supplies account increased by $10,000 during the year to an ending
    10·1 answer
  • State and explain the law of diminishing marginal return
    9·1 answer
  • On January 1, year 1, a company grants 5,000 nonqualified stock options to an employee with a strike price of $3 per option and
    7·1 answer
  • You purchase a call option on pounds for a premium of $.03 per unit, with an exercise price of $1.64; the option will not be exe
    5·1 answer
  • The bookkeeper for Sheffield Corp. asks you to prepare the following accrued adjusting entries at December 31.
    15·1 answer
  • Management of Wee Ones (WO), an operator of day-care facilities, wants the company's profit to be subdivided by center. The firm
    7·1 answer
  • A competitive environment where there is strong rivalry among sellers, low entry barriers, strong competition from substitute pr
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!