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Papessa [141]
2 years ago
8

What is the best definition of elasticity in economics? Elasticity of supply measures how the amount of a good changes when the

producer hires more employees. Elasticity of supply measures how the amount of a good changes when the producer uses new materials. Elasticity of demand measures how the amount of a good changes when its price goes up or down. Elasticity of demand measures how the amount of a good changes when its distribution expands.
Business
1 answer:
TiliK225 [7]2 years ago
7 0

Answer:

Elasticity of demand measures how the amount of a good changes when its price goes up or down.

Explanation:

bruh

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Answer:

$32,980

Explanation:

The computation of comprehensive income is shown below:-

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Comprehensive income includes net profit and other complete or compression  profits.

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So in this question we considered the dividend and unrealized holding gain as an comprehensive income

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Blanchard and Hersey's Situational Leadership style used which two dimensions to determine employee readiness?
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The supply of product X is perfectly inelastic if the price of X increases by _______ and, as a result of the price change, the
konstantin123 [22]

Answer:

c) 10%; stays the same. 

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Elasticity of supply measures the degree of responsiveness of quantity supplied to changes in price.

Supply is perfectly inelastic if a change in price has no effect on quantity supplied. The quantity supplied remains unchanged despite changes in price.

I hope my answer helps you

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