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KIM [24]
3 years ago
5

Suppose demand is perfectly elastic, and the supply of the good in question decreases. As a result, a. the equilibrium quantity

decreases, and the equilibrium price is unchanged. b. the equilibrium price increases, and the equilibrium quantity is unchanged. c. the equilibrium quantity and the equilibrium price both are unchanged. d. buyers’ total expenditure on the good is unchanged.
Social Studies
1 answer:
denis-greek [22]3 years ago
6 0

Answer:

The correct answer is a. the equilibrium quantity decreases, and the equilibrium price is unchanged.

Explanation:

A perfectly elastic demand is an extreme case in which quantity demanded falls to zero with any increase in price, and increases to infinity when price drops.

Now we have this relation clear, it is important to notice that the question is introducing a third variable, which is quantity supplied. When supply decreases, the price remains the same, since only at this price consumers buy the good. The only change that ocurred is related to the availability of the product in the market.

In a normal scenario, an elastic demand would respond to this decrease in supply, pushing the price up, since consumers are willing to pay more. But given that we assume that the demand is perfectly elastic, the price remains the same, otherwise demand would fall to zero.

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4 0
4 years ago
The term "ceteris paribus" means that:
77julia77 [94]

The correct answer is letter B

Ceteris Paribus, also known as Coeteris Paribusis, means <em>"all variables except those specified are constant".</em>

In this way, Ceteris Paribus becomes a very important concept, as some studies that contain a large number of variables can be simplified.

In other words, you keep some variables constant, while you change others to identify their impact on the whole.

Let's imagine that you are making a pineapple juice with orange, and to make this juice you need 4 ingredients, water, pineapple, orange and sugar.

In this sense, for you to improve the juice you will touch the pineapple and orange variables, leaving the water and sugar variables unchanged and, to reach the ideal flavor, you decrease the pineapple and increase the orange or vice versa. This is the logic of Ceteris Paribus.

3 0
3 years ago
compare the general adaptation syndrome to a group of volunteer firefighters sitting around their station house when a fire call
aalyn [17]

Answer:

In the clarification section following the segment, the description of the query given is outlined.

Explanation:

Stress is described as that of the inability of the person to cope with the stressful circumstances that life has thrown at him instead of her. Therefore, tension is a perception of just how much one experiences because he or she will be unable to do anything in consideration of his or her capacity to counteract adverse circumstances. There are several stress-related models, such as stress as an association with the environment, pressure as either a reaction to the situation of life, including stress as a person-environment exchange.

  • A universally understood model, General Adaptation Syndrome, has indeed been provided by Hans Selye, a distinguished researcher throughout the area of studying stress. The whole model was used to determine the different phases of stress that a person experiences. There are three basic phases, namely, alarm response, resistance as well as fatigue.
  • In the instance given, throughout the 'Alarm' firefighters stage, they would be disturbed or rendered conscious that there was a flame in neighboring. This will activate their autonomic nervous system, where they would have felt an adrenaline surge because after approaching the site, everybody will indeed be positioned to combat the burn. Their oxygen consumption and blood pressure throughout the muscles will rise to an optimal degree and that they will sprint as quickly as possible to meet the spot.
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  • Commonly, several other psychosocial problems can spruce up throughout General Adaptation Syndrome unless the organism isn't willing to deal with the problems. This suggests that because it escalates to something like a higher degree, tension isn't a good thing.
6 0
3 years ago
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Lilit [14]
To help develop peaceful uses for the exploration of outer space.
3 0
3 years ago
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How many cabinet departments are under the control of the governor in Louisiana's executive branch?
Triss [41]

Answer:

12

Explanation:

There are 12 cabinet departments under the control of the governor in Louisiana's executive branch.

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