Answer: The labour supply tends to be inelastic and the labour demand tends to be elastic.
Explanation: I did some reserch but plz chek other answers first. I hope this helps
It is false that If prices change in a way that leaves the overall price level unchanged, then no one is made better or worse off.
<h3>What is a relative price?</h3>
A relative price can be described as the ratio of two prices or the price of a good or service in relation to another.
In general, when prices change relative to one another, some people do better and others do worse, even while the total level of prices remains the same.
Therefore, it is false that no one benefits or suffers when prices fluctuate in a way that keeps the total level of prices constant.
Learn more about the price here: brainly.com/question/15397404.
SPJ12
In order to convey messages to customers in both a casual and professional voice, you need to include planned and clear sentences.
<h3>How would the message be conveyed both informally and formally?</h3>
A good reference point for communicating the above informally and professionally is:
- Good afternoon, my name is William Warwick. Thank you for contacting (company name). How may I be of service?
- We sincerely apologise but due to a storm on the East Coat, our logistics services have taken a hit which has resulted in several orders including yours, being delayed.
- We deeply apologise for any inconvenience caused and want you to know that we are working round the clock to fix things.
- If you require further assistance, don't hesitate to reach us at 555-555-5555 from Monday to Friday between the hours of 8am to 8pm.
- Thank you for calling (company name). Do have a pleasant day.
The first part of the question is:
Please communicate the following information to the customer in both a casual voice, and a professional voice.
Find out more on customer communication at brainly.com/question/26448585.
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The person is called a hotel desk clerk
Answer:
Free-enterprise; government.
Explanation:
An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.
Basically, there are four (4) main types of economy and these are;
I. Mixed economy.
II. Command economy.
III. Traditional economy.
IV. Free-enterprise economy.
A free-enterprise system also referred to as capitalism or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a free-enterprise system is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.
Simply stated, a free-enterprise system is a type of economy that is completely driven by demand and supply of goods and services.
Hence, in a free-enterprise system, supply and demand forces affect the production and consumption decisions. There is little to no government control in such a system.