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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.

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Select the true statement or statements regarding the loanable funds market. Foreign entities cannot save in the United States.
Shalnov [3]

<u>Solution: </u>

The following are the correct and incorrect options

<u>Correct option</u>: Households used to save and those savings are utilized for investment through the intermediaries like bank. Firms and governments take those funds for their investment acts.

<u>Correct option</u>: Foreigner can invest in the US (suppose foreign direct investment) but can’t save here, since there is difference in currency (suppose a foreigner earns in pond can’t save in US dollar).

<u>Other options are not correct: </u>

<u>Incorrect option</u>: Savings means personal savings, which are not yet kept into a bank.

<u>Incorrect option</u>: such purchases are investments but not savings.

3 0
3 years ago
Gerald is assessing global entry strategies for his gourmet sandwich business. He does not want to take a lot of risk and he is
Nata [24]

Answer: Option b

Explanation: In simple words, it refers to an arrangement under which one entity allows the other entity to use its procedures and brand name for the business in return of any loyalty or other such benefits.

In the given case, Gerald wants to operate his business globally and not eager to control all of it.

Hence from the above we can conclude that franchising is the best option for Gerald.

6 0
2 years ago
Which of the following is true of entrepreneurial organizational structures? Choose all that apply.
frosja888 [35]

Answer: A. They are flat.

C. They are common to start-up businesses.

D. A single leader makes most decisions.

Explanation:

Entrepreneurial business structure is a structure whereby, the owner of the bsuniess makes every decisions. It is often a start up company or a small company and there's a direct mean of communication as the owner has few workers.

The structure is typically flat and the roles are not well defined. It also give rooms for promotion of ideas as workers can give opinions on certain issues.

5 0
2 years ago
Read 2 more answers
Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options fo
Solnce55 [7]

Answer:

$8,300

Explanation:

Calculation for what Elroy's incremental profit or loss would be if he chooses option 2 over option 1

Using this formula

Incremental Profit of option 2 over option 1= Profit from option 1 - Profit from option 2

Let plug in the formula

Incremental Profit of option 2 over option 1= ($3,600*3)-(3*$1,100 - $800)

Incremental Profit of option 2 over option 1= $10,800 - $2,500

Incremental Profit of option 2 over option 1= $8,300

Therefore Elroy's incremental profit or loss would be if he chooses option 2 over option 1 would be $8,300

4 0
3 years ago
The Next Monet, Inc., operated art schools. At one of its classes, John Picasso (no relation to the great artist) was praised by
Schach [20]

Answer:

Option B                            

Explanation:

In simple words, The given case is related to the conclusion made by the court in the famous case of  Vokes versus Arthur MurrayLinks, in which the jury in the court rules that,  a determination of a party carrying better information about a subject matter may be treated as a matter of fact even though it would be treated as an opinion if the parties were speaking for deal  on equal conditions.

7 0
3 years ago
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