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Ede4ka [16]
3 years ago
10

If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply:

Business
1 answer:
Nadya [2.5K]3 years ago
8 0

Answer: is unit elastic

Explanation:

If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply will be said to be unit elastic.

In the unit elastic supply, it should be noted that supply responds perfectly to the changes in price. This simply means that there'll be an equal change between the price change and the quantity that is supplied.

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Which of the following best approximates a pure monopoly? rev: 05_15_2018 Multiple Choice
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Answer:

3) The only bank in a small town

Explanation:

By definition a monopoly occurs when there is only one supplier in the market for a specific good or service. In this case, if there is only one bank that works in a small town, then that bank has a monopoly of all the town's residents that require banking services. If any resident doesn't like that specific bank, they need to go to another town in search for banking services.

5 0
3 years ago
If the market maker is willing to purchase the entire block of 1,500 shares from Amara and, from that block, resell 1,000 shares
NeTakaya

Answer:

$1,300

Explanation:

Calculation to determine what the market maker’s net profit from Brent’s transaction

First step is to calculate the bid-ask spread using this formula

Bid-ask spread=Ask price-Bid price

Let plug in the formula

Bid-ask spread=$31.80-$30.50

Bid-ask spread=$1.30

Now let calculate the Net profit

Using this formula

Net profit=Bid-ask spread*Shares resell

Net profit=$1.3 x 1000 shares

Net profit=$1,300

Therefore the market maker’s net profit from Brent’s transaction will be $1,300

3 0
3 years ago
These are the last questions of my test PLEASE help i will give brainliest i need to get it done 10 minute!!!
cluponka [151]

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Out of the over 20,000 that apply only about 2,000 go to Princeton a year!
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3 years ago
Taxes can be justified if the government uses the revenue to (i) provide public goods such as national defense. (ii) clean up ne
nevsk [136]

Answer:

All of the above

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Taxes are involuntary fees levied on individuals or corporations and enforced by government entity whether local or national in order to finance government activities. Taxes help in funding public works like medical research, national defense, water pollution etc.

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3 years ago
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