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Blizzard [7]
3 years ago
10

All else being equal, does elastic or inelastic demand curve result in higher social surplus? How does elasticity of supply affe

ct social surplus?
Business
1 answer:
disa [49]3 years ago
7 0

Answer:

An elastic demand curve will result in higher social surplus. Social surplus equals consumer surplus plus supplier surplus, or simply total surplus. The highest possible social surplus is reached at the equilibrium point.

If a product's demand is completely inelastic, the supplier can increase the price at will, reducing consumer surplus to minimum levels. If a product's demand is completely elastic, then consumer surplus increases while supplier surplus is directly related to shifts in the demand. Higher demand increases supplier surplus.

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What items would be found in an ancient Chinese lord's torrb?​
iogann1982 [59]

Answer:

the 3000 year old sword

4 0
3 years ago
Furniture World is required by law to collect and remit sales taxes to the state. If Furniture World has $82,680 of cash receipt
gregori [183]

Answer and Explanation:

The journal entry to record the cash sales is shown below:

Cash  $82,680  

         To Sales  $78,000    ($82,680 × 100 ÷ 106)

         To Sales taxes payable $4,680  ($82,680 × 6 ÷ 106)

(Being the cash sales is recorded)

Here cash is debited as it increased the assets while on the other hand the sales and sales tax payable is credited as it increased the revenue and liability

8 0
2 years ago
Tom did a competitive analysis of his company’s outdoor soap product, interviewed distributors for helpful insights on the compe
kifflom [539]

Answer:

The first thing Tom should have done was to identify his top competitors.    

Explanation:

Here are the following steps to carrying out competitors analysis:

  1. Clarify who your top Competitors are.
  • Describe Each Competitor using the SWOT Analysis
  • Enumerate their Offering juxtaposing them with yours

    2. Identify your Strengths and how they help you take advantage of your  

    Opportunities

    3. Identify Threats and how your strengths would help you minimize them

    4. Enumerate your weaknesses and how you'd combine your strenghts and opportunities presented by the competitors weaknesses to reduce them.

Cheers!

4 0
2 years ago
Building relationships in your career exploration is called
alexandr1967 [171]

Answer:

The correct answer would be 'Networking'.

Explanation:

Meeting people, become their acquaintances, seeking their advice, keeping in touch with them, is actually building relationship with people.  When students finish their education career, they need to have a good circle of professionals who can give them advice and guide them in finding the best for their career. When they build relationship with people for their career exploration, this is called networking. People make networks and make use of these networks in finding best for their future careers.

3 0
3 years ago
Service employees at the airlines' flight cancellation desks frequently encounter travelers who get emotional about canceled or
elixir [45]

Answer: Listen to the consumer

Explanation: In simple words, the employees working at the cancellation desks are the parts of customer relationship management. CRM involves interacting with the customers and providing them best service so that they enjoy a healthy experience with the organisation.

In the case of flight cancellation, the employees should listen to them properly as if in extreme cases any kind of alternative is possible then such customer must be helped.

5 0
3 years ago
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