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Liono4ka [1.6K]
3 years ago
14

A study by the National Bureau of Economic Research (NBER) examined the responsiveness of consumers to changes in gasoline price

s. The study determined that elasticity of demand for gasoline ranges from 0.21 to 0.75. According to the NBER study, what will happen if a major supplier of oil cuts production, causing the price of gasoline to increase greatly?
Business
1 answer:
Y_Kistochka [10]3 years ago
3 0

Answer:

Gasoline consumption will decrease by a small amount.

Explanation:

A coefficient of elasticity of less than one indicates that demand is inelastic.

Inelastic demand means that there's little or no change in quantity demanded when there's a change in the price of a product.

Quantity demanded has little or no sensitivity to changes in price.

If the coefficient of elasticity is greater than one, demand is elastic.

Elastic demand is when a small change in price has a greater effect on the quantity demanded.

If the coefficient of elasticity were equal to one, it means that demand is unit elastic.

Unit elastic demand means a change in price leads to the same proportional change on quantity demanded.

I hope my answer helps you

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Imagine you must fire an employee. What effect might the dismissal have on remaining employees? Explain how you would tell the e
Tanya [424]

Answer:

Well, it may cause workplace related stress if the remaining employees are forced to take on the fired employees workload, it may harm workplace moral due to losing a co-worker, but it may also encourage workers to work harder, fearing they may too lose their own job, but be cautious, this may also cause employees to start looking for new jobs, and you can lose skilled labor. if the employee was a burden, employees may be happier with their work environment.

Explanation:

3 0
3 years ago
Which organization does not provide free or loss cost training and counseling associated with the Small Business Association
xeze [42]

The organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD.

<h3>What is Small Business Association?</h3>

A Small Business Association are agencies that provides resources (like capital, skill, advice) to small businesses for innovation, growth etc

SCORE, VBOC and WBC are all agencies that provide free mentoring services, free training, loss-cost training, counseling etc

Hence, the organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD

Therefore, the Option A is correct.

Read more about Small Business Association

<em>brainly.com/question/2072884</em>

6 0
3 years ago
Which of the following is an<br> example of a wellness perk?
Degger [83]

Answer:

I think it's letter

"A"

COBRA

6 0
3 years ago
Suppose the population is 300 million​ people, the labor force is 200 million​ people, the number of people employed is 185​ mil
stiks02 [169]

Answer:

7.5%

Explanation:

The formula to compute the unemployment rate is shown below:

Unemployment rate = (Number of Unemployed workers) ÷ (Total labor force) × 100

where,

Number of people employed is 185 million

And, the labor force is 200 million

So in order to find out the unemployment rate, we subtract it by 1

= 1 - ($185 million ÷ $200 million)

= 1 - 0.925 million

= 7.5%

3 0
4 years ago
A net loss on the income statement reduces what account in the stockholders' equity section of the balance sheet
Zielflug [23.3K]

The only answer here that would appear in the stockholders' equity section is retained earnings. Having a net loss in the income statement would mean there is less earnings to retain.

3 0
3 years ago
Read 2 more answers
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