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Elza [17]
3 years ago
13

For which of the following products or services is the supply likely to be inelastic in the short term regardless of whether pri

ces rise or fall?
newspapers


staples


haircuts


cargo ships
Social Studies
2 answers:
mote1985 [20]3 years ago
5 0
The answer to your question would be Cargo Ships
bixtya [17]3 years ago
3 0

The correct answer is: "cargo ships".

The supply function represents the quantity of a certain good or service that producers are willing to offer in the market at different price levels. It is inelastic when price variations slightly change the willigness of suppliers,  who barely change the amount offered in the market.

The supply for cargo ships is considered inelastic because their production process lasts about two years, and taking the already-produced ship out of circulation is even more costly than the losses beared because of a decrease in the price charged for it in the markets.

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ElenaW [278]

Answer:

Correct answer is exporting more than you import.

Explanation:

The first option is the only correct one because the theory of mercantilism says that country can strengthen its economy only if it increases its export and decreases import. On the other side, this theory also focuses on the competition between the nation when it comes to economy.

All other options are  wrong as they are not connected with this theory at all.

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2 years ago
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777dan777 [17]

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3 years ago
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Pani-rosa [81]

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aalyn [17]
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<u>Explanation: </u>

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Read 2 more answers
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