Answer:
A company has grown in size to the point that it is expanding its operations
into other countries. They are finding that the government regulations and
societal expectations for CSR issues differ drastically from place to place.
They are facing the realities of being involved in the AWESER IS C
Explanation:
Answer:
Total Revenue of Cocaine will increase.
Explanation:
Elasticity of demand is demand responsiveness to price change.
Price & Total Revenue have relationships as per Elasticity of Demand :
- Elastic Demand >1 : Change in quantity demanded > change in price ; Price & Total Revenue negatively related.
- Inelastic Demand < 1 : Change in quantity demanded < price change ; Price & Total Revenue positively related
Given : Demand for crack cocaine is inelastic. If government increases penalties on cocaine supply, number of dealers decrease.
Then , the supply of cocaine will fall. Supply Shortage will increase the price. However - because demand is inelastic , total revenue will increase as a result of price rise.