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
Softa [21]
4 years ago
7

Inelastic demand creates an incentive for suppliers to: A) compete with each other and increase the quantity supplied. B) stop p

roducing altogether. C) try to get together and increase the quantity supplied. D) try to get together and limit the quantity supplied.
Business
1 answer:
STALIN [3.7K]4 years ago
8 0

Answer:

D) try to get together and limit the quantity supplied.

Explanation:

Elasticity of demand is defined as a measure of the responsiveness of changes in quantity demanded with change in price.

When price increases the quantity demanded falls.

If a good is inelastic it means that the price increase will not result in a big drop in quantity demanded.

So if suppliers notice a good is inelastic they will most likely come together to reduce supply while increasing prices. This will result in higher revenues for them as quantity demanded does not fall with increase in price.

You might be interested in
As you begin thinking about the redesign of the network, you realize that there are various types of media to choose from. Which
astraxan [27]

Answer:

I would work with the wireless media. More, specifically the radio as electrical waves are transmitted through the air and it enables mobile network communication. This is the era of smartphones and the more we can fit into our phones—securely of course—the faster we can get work done considering data is portable.

Explanation:

6 0
3 years ago
The general fund has transferred cash to the appropriate fund for eventual retirement of term bonds maturing in 10 years. which
Lunna [17]
It would be d yes yes yes
4 0
3 years ago
Sandhill Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $132,500 Allowance
goldfiish [28.3K]

Answer:

S/n  Accounts title                                        Debit      Credit

a.      Bad Debt expenses                          $2,655

                Allowance for Doubtful debts                    $2,655

                ((132,500*5%)-3,970)

        (Being bad debt expense recorded)  

b.       Bad Debt expenses                           $8,255

                  Allowance for Doubtful debts                   $8,255

                   {(132,500*5%)+1,630]

         (Being bad debt expense recorded)

5 0
3 years ago
How can businesses addressing unemployment?
vfiekz [6]
Small businesses are actually the major engine of the economy, especially now that much of our manufacturing jobs have moved overseas, so they play a crucial role in employment.
8 0
4 years ago
Berry Bloom Co is getting ready for Mother's Day and needs to purchase bouquets of flowers which will be sold prior to the holid
Veronika [31]

Answer:

Berry Bloom Co.

This type of problem that requires Berry to perform an analysis to determine how many bouquets of flowers to procure in preparation for Mother's Day is a:

Newsvendor Problem.

Explanation:

a) Data and Calculations:

Selling price of bouquets of flowers = $20/bouquet

Cost price of bouquets of flowers = $15/bouquet

Profit per bouquet during Mother's Day = $5 ($20 - $15)

After-holiday selling price of the bouquets of flowers = $10/bouquet

Loss per bouquet of flower after the holiday = $5 ($15 - $10)

b) The Newsvendor model describes the challenges facing Berry Bloom as it gets ready for the Mother's Day holiday.  The company must decide the volume of bouquets of flowers to procure prior to the holiday.  The purchase decision becomes a problem because the demand for flowers is not certain, and the company is aware that unsold bouquets will be sold at a loss of $5 per bouquet after the holiday.

5 0
3 years ago
Other questions:
  • The purpose of a W-4 form is to _____.
    7·2 answers
  • Dunston Military Academy has an annual deficit of $250,000. Its 1,000 students pay tuition of $10,000 each per year. The economi
    9·1 answer
  • An accountant has debited an asset account for $1,200 and credited a liability account for $500. What can be done to complete th
    10·1 answer
  • The job order cost sheets used by Greene Company revealed the following: Job. No. Bal., May 1 May Production Costs 134 $ 1,700 $
    7·1 answer
  • Joe Loser enters into an investment scheme with some local bigwigs. To get Joe's money, these people lie to Joe about several pr
    6·1 answer
  • Former communist nations present opportunities to Western international business as these nations show continued commitment to
    14·1 answer
  • A company reported net income of $9,660,000 for the year. There were 4.1 million shares of common stock outstanding at the begin
    12·1 answer
  • Which do you consider more important as far as a restaurant is concerned-courteous,prompt service or a quality product
    10·1 answer
  • Que tipos de trabajo se pueden realizar con excel​
    9·1 answer
  • What was the target market for traditional advertisers
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!