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andrew-mc [135]
3 years ago
8

Due to shortages in raw materials, all firms in the micro-chip industry increased their prices to their customers. Yet demand fo

r chips did not change. This suggests that the demand for micro-chips is _____________ under these conditions.
Business
1 answer:
Charra [1.4K]3 years ago
5 0

Answer:

Price Inelastic

Explanation:

Inelastic in the terms of the economic means or define as the static quantity of the goods and the services when the price of the product or service changes.

In short, it means that when the price increases, the buying habits of the consumer stay the same and the when the prices falls, the buying habits of the consumer remain unchanged.

So, in this case, the prices increases and the demand for the same did not change, which means that the demand for the micro chips is price inelastic.

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Currently, the leadership trend is to empower employees. When a leader empowers employees, that leader is giving them: Multiple
Anni [7]

As much freedom as possible to become self-directed and self-motivated is When a leader empowers employees, that leader is giving them.

<h3>What is the advantage of the self-motivated employees?</h3>

Self-motivate employees are the best performer in the organization as they are highly charged and devoted towards the company, so they tried to give their best in every aspect. They are more loyal towards their leaders as they both have trust relationship between each other.

Thus, option C is correct.

For further details about advantage of the self-motivated employees, click here:

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8 0
2 years ago
In economics what does the term market referred to
Taya2010 [7]

I think it is the exchange of goods or services, which can be with or without money.

4 0
3 years ago
Read 2 more answers
Understand the general arguments made in sections 1, 2, and 7 of Kraut's "Aristotle on Becoming Good" and consider how these ide
lions [1.4K]

Answer:

Aristotle argues that what differentiates human beings from other animals is the human reason.

Explanation:

"Good life" can be seen as the one in which a person understand and exercise their rational faculties. The word "good" can be used to show moral approval. Therefore, for someone to be called good, they must have possessed and practiced many important virtues and not pursuing their own pleasure all the time.

According to Aristotle, happiness consists in achieving all the goods like health, wealth, knowledge, friends etc throughout a lifetime. He sees happiness as the central purpose of human life.

Aristotle believes that the highest good is a solitary nucleus which all other goods are acted upon and this highest good is happiness.

4 0
3 years ago
In year 1 the price level is constant and the nominal rate of interest is 6 percent. But in year 2 the inflation rate is 3 perce
LiRa [457]

The nominal interest rate will rise by 3%.

Nominal interest rate is the sum of real interest rate and inflation rate. Real interest rate is interest rate that has been adjusted for inflation. Inflation is the persistent rise in general price levels.

Nominal interest rate in year 2 = real interest rate + inflation rate

6% + 3% = 9%

Nominal interest rate in year 1 = 6%

Change in nominal interest rate = 9% - 6% = 3%

To learn more, please check: brainly.com/question/21323568

6 0
2 years ago
The sales manager for Tetsu, Inc., a Japanese maker of electronic components has just returned from the very price-sensitive USA
d1i1m1o1n [39]

Answer:

The correct answer is letter "B": Accept the USA distributor demand. It is even better for Tetsu compared to Japan.

Explanation:

Considering both the distributors in Japan and the U.S. request a 20% margin for the retails of Tetsu's devices, accepting the offer of the U.S. company represents a good deal. Businesses are not handled the same in Japan and the U.S. Both countries have different policies. Tetsu must consider that the U.S. is a bigger market and that its devices are imported in the U.S., implying there could be tariffs imposed. Tough, if the U.S. distributor requests the same margin a Japanese distributor does to start businesses, <em>the deal will be in Tetsu's favor</em>.

8 0
3 years ago
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