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taurus [48]
3 years ago
12

A new per unit subsidy for almond production in the United States increases the world supply of almonds. If almonds are inelasti

cally demanded, what will happen to total revenues from almond production?
Business
1 answer:
grin007 [14]3 years ago
5 0

Answer:

total revenues would fall

Explanation:

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one. If demand is inelastic, there would be little or no change in the quantity demanded.

Due to the subsidy, there would be an increase in supply.

The increase in supply would lead to excess supply and a fall in price. Since demand is not sensitive to price. there would be no change in demand as a result of the fall in price.

Thus, price would be lower and quantity would remain the same. This would lead to a fall in price.

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Artemon [7]
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goblinko [34]

Answer:

Las respuestas  a cada pregunta se detallan en la explicación.

Explanation:

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4 years ago
On December 31, 2019 a company’s Accounts Receivable balance was $440,000. During the year the company recorded credit sales of
Semenov [28]

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6 0
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In a 1960s movie, an heiress sends out thousands of letters to shareholders in an attempt to have them vote for her and for the
Vitek1552 [10]

Answer:

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In this case both the parties, the heiress as well as the opponent is asking for the right of vote from  stakeholders so that they can decide the corporate future. This is the key feature of the proxy fight and thus this is the correct option.

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