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aalyn [17]
3 years ago
11

What is a market supply schedule?

Business
2 answers:
Ipatiy [6.2K]3 years ago
6 0

Answer:

a chart that lists how much of a good all suppliers will offer at different prices

Explanation:

pantera1 [17]3 years ago
3 0

A market supply schedule is a chart that lists the quantity supplied for a good or service that suppliers throughout the whole economy are willing and able to supply at all possible prices, so in this case:

a chart that lists how much of a good all suppliers will offer at different prices

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Price elasticity for a good depends on the share of a consumer's budget spent on a good. Other things being equal, which of the
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Answer:

Monthly Cell Phone Bill

Explanation:

Other things being equal, the higher the price of a good relative to a consumer's income, the greater the price elasticity of demand. Hence, the price elasticity of demand for low-priced items, such as thumbtacks and fish food, tends to be lower than the price elasticity of demand for relatively expensive items, such as monthly cell phone bill, that represent a more significant fraction of a consumer's annual income.

Be sure to consider not just the price, however, but also the overall portion of a consumer's annual income spent on an item. For example, one latte costs only $3.00, but for daily coffee drinkers the annual expense could be around $1,000. The elasticity of demand for lattes is therefore likely to be higher than that for other low-priced items (such as thumbtacks) that may need to be purchased only a few times annually.

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3 years ago
1. The Department of Justice filed a lawsuit against Microsoft claiming it was engaging in unfair practices by​ ____________.
Oksi-84 [34.3K]

Answer:

1. B. monopolizing the market by bundling its operating system with its Internet Explorer browser.

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Explanation:

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They argue that modern software can gain monopoly status and establish a barrier to entry through (A) network externalities.

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3 years ago
Alby Ltd. is a cement manufacturing plant. Alby calculates the NPV of buying a new cement mixer. He turns down the capital inves
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2 years ago
Read 2 more answers
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guajiro [1.7K]
Base on my research, the gap that is stated in the problem is the inflationary gap. This is the amount of the real GDP go beyond potential full-employment GDP. Upon eliminating this gap the government forms a policy that will allow the potential GDP to be equal to the real GDP and higher the price level. 
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2 years ago
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