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
astraxan [27]
3 years ago
10

Suppose the demand for natural gas is perfectly inelastic. What would be the​ effect, if​ any, of natural gas price​ controls? I

f demand is perfectly​ inelastic, then price controls will
a.increase the quantity demanded.
b.not change the market price.
c.shift the supply curve to the left .
d.not change the quantity demanded.
e.shift the demand curve to the right .
Business
1 answer:
nignag [31]3 years ago
6 0

Answer: Not change the quantity demanded.

Explanation: In a market demand is said to be perfectly inelastic, if the demand for commodities is not affected by price changes.

Therefore since the demand for natural gas in perfectly inelastic, the demand will not change regardless of the change in price of the gas.

You might be interested in
In its simplest form, amdahl's law maintains that if a given program would take one hour to run to completion with one processor
AlladinOne [14]
<span>20% is the maximum speed up possible for this program. For this problem, let's assign the time of 1 for the task when using a single processor. Now let's assume that we have an infinite number of processors available to handle the portion of the program that can be executed in parallel so that the execution time for that portion will be 0. That means that the total execution time with an infinite number of processors will be 1 * (0.80 + 0) = 1 * 0.80 = 0.80 So at best, the parallel program will take 80% of the time for the single threaded version. So the speed increase will be (1 - 0.80) / 1 = 0.20/1 = 0.20 = 20%</span>
4 0
2 years ago
Toyota has been working alongside us for years, but we just heard the bad news: they’re not renewing our electric vehicle (EV) c
klemol [59]

Answer:

The right approach is Option a (Bargaining power of suppliers).

Explanation:

  • The concept is such an industry influences the buyer's business climate and determines the potential including its buyer to attain profitability.
  • The meaning is basically how very much jurisdiction a single provider has. By supplier, I represent the industries that create the manufactured goods that even the sellers refine into the finished product to something like the sellers throughout the business. If there are several suppliers during the sector because each supplier is indeed very poor.

8 0
3 years ago
Pls help me!! i need help with an essay for business
vodomira [7]
Do u also want some sources?
4 0
3 years ago
Generally, ____ indicate(s) the size of a firm relative to their sector. Group of answer choices sector ratios market share rati
ruslelena [56]

Answer:

b. Market share ratio

Explanation:

When the sizes of firms of a particular sector/market are being compared, a common basis for comparison is on the basis of total sales, a larger firm will have a higher ratio of total sales in the sector.

The "concentration ratio" is derived from the market shares. It gives the sum of market shares of the few largest firms in the sector, and is a measure of market power. It is not the correct choice in this case.

4 0
2 years ago
Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. Boats from as far away as California and Japan
Readme [11.4K]

Answer and Explanation:

a. The crabs are a Common Good. They means can run out of supply if their use gets too much by society. Therefore, the decline of the Alaska king crab fishery can be explained by stating that the plenty types of boats such as those from California and Japan, has caused people to overfish, excessive fishing has brought about a decline in the supply of crabs.

b. There are 2 ways to avoid this

1. fishing permits have to be sold to the fishermen coming to fish for the crabs. Then the persons with the highest willingness to pay will come and buy the permits to fish.

2. Issuing just a particular amount of permits this would cause the fishermen to trade these permits. These open-market strategies have proved to be effective in organizing economic activity and are good stimulators in an economy.

c. They have been successful because regulations have been placed on fishing by the government. Also, if there are restrictions on other countries using up their spots and Canadians are the only ones fishing salmon, then there will be reduction in the decay rate of the population of the salmon, the salmon can easily repopulate, then Canadians would be able to come back the next year to fish again..

7 0
3 years ago
Other questions:
  • At December 31, 2012 and 2011, Miley Corp. had 180,000 shares of common stock and 12,000 shares of 6%, $100 par value cumulative
    15·1 answer
  • Companies have the opportunity to use varying amounts of different sources of financing, including internal and external sources
    7·1 answer
  • Which of the following statements is correct when considering a SWOT analysis? Group of answer choices1. Strengths and threats o
    7·1 answer
  • M Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 380,
    8·1 answer
  • The Draper Company is considering dropping its Doombug toy due to continuing losses. Revenue and costs data on the toy for the p
    11·1 answer
  • Oregon Forest Products will acquire new equipment that falls under the five-year MACRS category. The cost is $500,000. If the eq
    14·2 answers
  • The following units of an inventory item were available for sale during the year. Beginning inventory 10 units at $55 First purc
    9·1 answer
  • Plimpton Company produces countertop ovens. Plimpton uses a standard costing system. The standard costing system relies on direc
    9·1 answer
  • Comparative advantage can be measured by:
    5·1 answer
  • PlastiPharm produces a foundational product that sits on a shelf until it is needed and added to another product. In reviewing t
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!