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dybincka [34]
3 years ago
12

Elasticity is a. a measure of how much buyers and sellers respond to changes in market conditions. b. the study of how the alloc

ation of resources affects economic well-being. c. the maximum amount that a buyer will pay for a good.
Business
1 answer:
MrRa [10]3 years ago
3 0

<u>Answer:</u>

Elasticity is  a measure of how much buyers and sellers respond to changes in market conditions.

<u>Explanation:</u>

Elasticity is a measure of a variable's responsiveness to a variation in another variable, most generally this consciousness is the variation in price applicable to fluctuations in other factors. It is predominantly practiced to evaluate the shift in consumer interest as a consequence of a variety in a good or service's price.

A product is supposed to be elastic if the quantity requirement of the product evolves drastically when its price rises or drops. Conversely, a product is deemed to be inelastic if the volume requirement of the product varies very little when its value alternates.

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icang [17]

Answer:

The correct answers in order are:

Executory  

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Explanation:

The Statute of Frauds prevents the enforcement of an executory contract, which is a contract in which the parties have not fulfilled their obligations. These contracts are not illegal.

4 0
3 years ago
If the number of unemployed workers is 19 million, the number in the working-age population is 2) 500 million, and the unemploym
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Answer:

D) 475 million

Explanation:

Unemployment is the people who is not currently working and searching for the job. These are the part of Labor force. So unemployment rate is as follows:

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A customer recently wrote your bakery a letter complaining that the cherry scones were too crumbly and dry. Although the custome
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7 0
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Based on the information provided within the question it can be said that the most likely reason is that Kurt’s division is less risky than the other divisions. Just as the saying goes "the greater the risk, the greater the reward", the same goes for the opposite, the lower the risk that a division has to undertake the lower the percent for the required return.

3 0
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The sticky-wage theory of the short-run aggregate supply curve says that the quantity of output firms supply will increase if
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a.the price level is higher than expected making production more profitable.

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