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worty [1.4K]
3 years ago
10

What is price elastic of supply

Business
1 answer:
Reika [66]3 years ago
4 0
The price elasticity of supply is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price.
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1. Contrast traditional economies, command economies, and economies.
Dima020 [189]

Answer:

1. A traditional economy is a system that relies on customs, history, and time-honored beliefs.2 A market economy is a system where the laws of supply and demand direct the production of goods and services. A command economy is where a central government makes all economic decisions.

2. Gross domestic product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes.

3. Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.

4 0
3 years ago
The Admin at Universal Containers set up a Price Rule to override List Price with a discounted promotional price. The Price Acti
Veseljchak [2.6K]

Answer:

A. The salesforce CPQ packages has an original price field which should be used instead of list price in the formula.

Explanation:

The sales force has original price field, this original price should be used instead of list price in the formula. The promotional discount will be then based on list price. This will solve the problem of overridden price in the formula.

3 0
3 years ago
Depreciation is incorporated into the discounted cash flow analysis of an investment proposal because it: Select one: a. Is a co
tia_tia [17]

Answer:

the answer is b

Explanation:

cause its the annual cash outflow

5 0
3 years ago
Production activities are done as needed in order to satisfy a specific demand.
worty [1.4K]

Hi there!

Usually, this is the case.  However, just like when hoverboards first came out, there was a shortage of hoverboards and production activities had to ramp up production.  However, after a few months, production activities were at a high level, but demand petered out.  

-AwesomeRepublic  :)

7 0
3 years ago
Mustafa a friend of yours, plans to open a fashion boutique that will sell women’s clothing and accessories. He told you that he
blagie [28]

Answer: Financial Forecast

Explanation:

Forecast is a prediction of events that would happen in the future based on evidence of what's seen now or an assumption on projections.

While financial forecast is predicting how well a business will perform in the future through estimating future financial outcomes.

I would advise Mustafa to seek experts ideas on financial forecast for a new business and that would help him project his expectations

7 0
3 years ago
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