Answer:
10% increase in Cigarette price with a 2% decrease in quantity demanded:
This implies that "for the addicted smokers, cigarettes have a" demand that is inelastic. The demand curve is said to be inelastic.
Explanation:
If the demand for an item changes proportionately less than the price changes, then the item is said to be price inelastic. This means that an increase in price does not change the demand for the product in equal proportion to the price increase. In our example, the demand curve for cigarettes is inelastic since a price increase of 10 percent only decreases the quantity demanded by 2 percent.
<h2>All the above (option D)</h2>
Explanation:
Business environment:
It is a collection of owners, customers needs and expectations, market trends, employees, supply and demand, suppliers, management, clients, activities by government, innovation in technology, social trends, economic changes,
Government environments:
Overall activities conducted towards the growth of the nation.
Military environment:
An environment where the citizens stands and stays in the border to protect their own nations from enemies and rivalries. The team works and ready to stay in any kind of environment.
Answer:
In my opinion Jack believes in the efficiency wage theory. This theory states that an increase in wages will increase labor productivity, lower staff turnover and attract the best possible employees.
So when Jack increases his employees' salaries, their increased productivity will recoup the extra labor costs. At the end, Jack believes his profit will increase because of the higher wages he pays.
Small and Medium Enterprise (SME) Entrepreneur usually need more cash because the buisness dynamics will initially lose money.
<h3><u>IDEs and SMEs</u></h3>
Startup businesses vary greatly from one another. Both innovation-driven enterprises (IDEs) and conventional small- and medium-sized businesses (SMEs) are capable of producing worthwhile goods and services and adding to the labor force. However, IDEs, which are startups aimed at addressing global markets through technological, process, or business model innovation, have the potential to add hundreds or even thousands of high-skill jobs if they are successful, whereas SMEs concentrate on local or regional markets and produce employment that are "non-tradable."
To know more on the SME topic, refer to:
brainly.com/question/26204483
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Answer:
d) 110; 180
Explanation:
Price ceilings is put in place to ensure a price does not rise above a particular level.
When a price ceiling is below the equilibrium price, the quantity demanded for will e greater than quantity supplied, and excess demand will arise.
original equilibrium of $12
180 units would be exchanged in a free market (when equilibrium price is $12), and 110 units would be exchanged with the price ceiling in effect.