Answer:
1. Firms are operating in the short run - relatively inelastic
2. Firms would have a hard time storing their goods - relatively inelastic
3. Firms have a large amount of excess capacity - relatively elastic
4. Firms can easily relocate from one location to another - relatively elastic.
Explanation:
The price elasticity of supply is less in the short run than in the long run. In the short run supplier does not have enough time to adjust the production level so supply is inelastic. The firms facing hard to store their goods then the supply is inelastic. If the firm has spare capacity available then the supply is relatively elastic because supplier can produce more if the demand is greater. The mobility factor also effects elasticity, if firm can easily relocate itself then the supply is elastic.
1 it could lead you to legal trouble
2 it could lead to bad credit
3 it could effect you being able to get a credit card to help get your credit back up
There is a surplus, as you can see, the quantity supplied is more than the quantity demanded.
Answer:
Preparing, reading, capturing key ideas, and reviewing.
Explanation:
Hello there.
What is the amount of money you still owe to their credit card company called
Credit card balance is the amount of money you still owe to their credit card company
