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My name is Ann [436]
3 years ago
9

When demand is inelastic, an increase in price will cause

Business
1 answer:
mariarad [96]3 years ago
3 0

Answer:

The correct answer is d. an increase in total revenue.

Explanation:

In inelastic markets, demand is almost independent of price variations. Therefore, the best pricing strategy in this case is to increase the price to sell the same amount as before (that is, before the price increase), and maximize profit margins as a result.

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Whereas ________ business embodies individualism, achievement, competition, and informality, ________ business stresses collecti
erik [133]

Whereas American business embodies individualism, achievement, competition, and informality, Mexican business stresses collectivism, continuity, cooperation, and formality.

American business is a business of  entrepreneurship, and corporations, together with responses by consumers, critics, and government.

In broader context, it is a major part of the Economic history of the United States which  focuses on specific business enterprises.

Mexico is expected to continue to be a drawing for the industry of mobility. Successfully doing businesses rely  heavily on understanding Mexico’s unique business culture.

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3 0
2 years ago
The probability that an audit team will express an inappropriate audit opinion when the financial statements are materially miss
Leya [2.2K]

The probability that an audit team will express an inappropriate audit opinion when the financial statements are materially misstated is the definition of audit risk.

When the financial statements are materially misstated, the auditor expresses an inappropriate audit opinion, this risk which an auditor gives is called the audit risk. So, when the auditor fails to modify an opinion on the financial statements it is an audit risk.

The audit risk will typically rise as an auditor will never be able to obtain absolute assurance by conducting audit procedures. Thus, after identifying the audit risk, auditors are often required to identify the relevant response to these risks.

Hence, the audit risk is a function of the risk of material misstatement.

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3 0
1 year ago
A tremendous flood along the Mississippi River destroys thousands of factories, reducing the nation's capital stock by 5%. What
motikmotik

Answer:

Both employment and the real wage rate would decrease

Explanation:

Given that the capital stock of a nation or country jas a direct impact on such country in terms of savings and investments which directly translates to additional.economic development.

Hence, in this case, when a tremendous flood along the Mississippi River destroys thousands of factories, reducing the nation's capital stock by 5%. What happens to current employment and the real wage rate is that "Both employment and the real wage rate would decrease"

This because there won't be adequate money available to create more employment. And with lease employment opportunities than the available labor, the real wage rate tends to decrease over time.

4 0
3 years ago
PLEASE ANSWER!!!!!!
PIT_PIT [208]
Companies that provide electricity normally provide that and nothing more, so your answer would be D!

Have a nice day! :)
7 0
3 years ago
The expense of making an additional shirt is known as the _____ .
denis-greek [22]
The expense of making an additional shirt is called a variable expense. A variable expense is an expense that incurs everytime you make a product. For example, the cost of cloth and the cost of ink used for the t shirt design are all variable costs because they only incur when you make a new one. 
5 0
4 years ago
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