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arsen [322]
3 years ago
14

When small changes in price lead to infinite changes in quantity demanded, demand is perfectly

Business
1 answer:
aleksley [76]3 years ago
6 0

Answer:

correct answer is Option D

Explanation:

Option D - elastic, and the demand curve will be horizontal.

The quantity would be changed infinitely with a samll change in the the price. It means that demand is perfectly elastic and the curve is horizontal as the small change up decreases the quantity to zero and small change down increases the quantity infinity. Thus, option D is the correct ams of this questionwer

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Ruth executes a will in 2012 naming her nephew stan as sole beneficiary. in 2014, ruth executes another will, naming her niece t
Slav-nsk [51]

Stan and Tammy will share the estate in equal shares. You are able to have as many beneficiaries as you name, due to this and no change in the first will, both will be heirs to the estate. If Ruth were to have revoked the first will, then it would have left Tammy the sole beneficiary.

5 0
3 years ago
What item should you look for when adjusting your check register?
Varvara68 [4.7K]

Answer:

The payment and the Deposit

Explanation:

The check register is adjusted using the item: payment and the Deposit and from the point of view of the bank statement the item is the withdrawal and deposit.

8 0
2 years ago
Read 2 more answers
A t-shirt maker would be willing to supply 75 t-shirts per day at a price of $18.00 each. At a price of $20.00, the t-shirt make
pav-90 [236]

Answer:

c. 2.71, and supply is elastic.

Explanation:

The formula to compute the price elasticity of supply is shown below:

Price elasticity of supply = (Percentage change in quantity supplied ÷ percentage change in price)        

where,  

Change in quantity supplied is

= Q2 - Q1

= 100 t-shirts - 75 t-shirts

= 25 t-shirts

And, an average of quantity supplied is

= (100 + 75) ÷ 2

= 87.5

Change in price is

= P2 - P1

= $20 - $18

= $2

And, the average of price is

= ($20 + $18) ÷ 2

= 19

So, after solving this, the price  elasticity of supply  is 2.71

3 0
3 years ago
Measuring GDP
Ymorist [56]

Answer:

$-625.4 billion

$20,494 billion

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

2531.3 - 3,156.7 = $-625.4 billion

GDP =  13,948.5 +  3,650.1 +  3,520.8 - $-625.4 = $20,494 billion

4 0
2 years ago
The city council made an appropriation to the police department of $95,000 for the purchase of supplies, equipment, and vehicles
jek_recluse [69]

Answer:

h

Explanation:

h

4 0
2 years ago
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