The daily price elasticity of supply is 0.1.
<h3>
What is the price elasticity of supply?</h3>
Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good.
Price elasticity of supply = percentage change in quantity supplied / percentage change in price
Percentage change in quantity supplied = (210,000 / 200,000) - 1 = 5%
Percentage change in price = ($7.50 / $5) - 1 = 50%
Price elasticity of supply = 5%/50% = 0.1
Please find attached the required table. To learn more about price elasticity, please check: brainly.com/question/18850846
It is a good way of keeping up with your fianances
Answer:
The correct answer is letter "C": a conditional pricing schedule.
Explanation:
A conditional pricing schedule is a pricing strategy in which what is charged to the customer depends on variable factors such as the size of the purchase or the type of products acquired. In <em>banking</em>, financial institutions tend to use this strategy usually according to the balance account holders have. The higher the balance the higher interest rates they pay to customers or the smaller fees they charge to promote clients have more money in the bank so the financial institutions can use those funds to invest.
Answer:
1. Easing
2. A higher
Explanation:
An adverse inflation shock when modeled is the upward shift of the Short run aggregate supply curve, this brings about higher inflation and causes a lowering of output.
The self-correcting mechanism of the economy will cause inflation to decrease gradually until the economy is back in long-run equilibrium at the original level of inflation.
If there is an intervention with monetary easing, aggregate demand will shift forward and a long-run equilibrium will be established where inflation remains at the higher level.
Answer:
The best response to Tracy's comments is:
B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions.
Explanation:
Here in the given question it is mentioned that Tracy is wanting to start her own business but she has a very little knowledge about how to setup an accounting system and how the financial interpretation is been done.
So, she tells her friends that she is not at all worried about accounting. For this purpose she will be hiring a part time book keeper who will be handling all her stuff and who will also help her in focussing her attention in the different and innovative ideas of satisfying her customers.
Therefore, the best response to Tracy's comments can be given by:
B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions.
