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Bas_tet [7]
3 years ago
10

For several years in a row, the east coast cities of the nation suffered extremely cold winters. Demand for home heating oil was

very inelastic. How did the elasticity of supply impact the changes in price that resulted from the increased demand? a) Supply is elastic, therefore, the price increased more than it otherwise would have. b) Supply is inelastic, therefore, the price increased more than it otherwise would have. c) The elasticity of supply would have no impact on the price changes. d) Supply is inelastic, therefore, the price increased less than it otherwise would have. e) Other factors impacted price of heating oil more than elasticity of supply or demand.
Business
1 answer:
iragen [17]3 years ago
4 0

Answer:

B) Supply is inelastic, therefore, the price increased more than it otherwise would have.

Explanation:

The price elasticity of demand (PED) measures how much the quantity demanded of a product or service changes proportionally to a change in the price of the product or service.

If PED < 1, the demand is inelastic

PED > 1, the demand is elastic

PED = 1, the demand is unitary

When the PED is inelastic, if the price of a product or service changes 1%, then the quantity demanded will change less than 1%.

In this case the price increased a lot, but the quantity demanded only decreased a little bit.

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Answer:

Kindly check explanation

Explanation:

High economic growth is usually the aim of several economic policies whichnmost countries try to employ. The reason for this is no other than the numerous benefits attached to it which includes;

Increase in GDP : With growth in the economy of a country, trading within and outside these countries will rise, leading to increase in revenue earned and hence, the gross domestic product. This will pave the way for :

Infrastructural development : The development of infrastructure and standard society will be on the horizon as the economy grows. There is enough capital to embark on infrastructural development which will serve the populees

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High economic growth also has it's drawbacks which include ;

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The _____, which can hold a wide variety of merchandise by means of hardware hung from the vertical spine, is the workhorse fixt
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An industry leader may be joining the project team and can potentially provide additional expertise. What strategies should the
lesya692 [45]

Answer:

1) Finalizing Project Details

2) Setting Clear Expectation

3) Choosing the right team and system

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5) Establishing clear communication

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Explanation:

The project manager is responsible for achieving the project objectives. The main objectives of project management are:

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- Elimination of cost, time, scope and quality constraints of the project management triangle

The project manager is a client representative and with the support of the organization they represent, it is necessary to identify and fulfill the client's needs. Installation ability, cost, time, quality and above all are essential to customer satisfaction.

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1) Finalizing Project Details

2) Setting Clear Expectation

3) Choosing the right team and system

4) Defining milestones

5) Establishing clear communication

6) Managing project risks

7) Avoiding scope creep

8) Evaluating the project after compilation

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When communicating a complex idea, what is most important?
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Both A and C are almost required to communicate a complex idea. A. pulls the person into actually listening and C makes your idea comprehensible. If I had to go with one or the other, I would emphasize A since it makes certain that the person pays attention. However, putting into consideration that your teacher would likely not want that answer, I would instead go with C.
6 0
4 years ago
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List the pros and cons of partnerships.​
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