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barxatty [35]
3 years ago
15

When the cross elasticity of demand between one product and all other products is low, one is generally referring to a(n) ____ s

ituation. a. pure competition b. monopoly c. oligopoly d. monopolistic competition e. substitution
Business
1 answer:
kenny6666 [7]3 years ago
6 0

Answer:

B)monopoly

Explanation:

monopoly can be regarded as situation when company and its product dominate particular sector as well as industry. It give description of an entity which has total control as regards to a market. price elasticity of demand can be regarded as one that measure the sensitivity big the quantity demanded with its price. It should be noted that When the cross elasticity of demand between one product and all other products is low, one is generally referring to a monopoly situation

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Savatey [412]

Answer:

d. The cost of producing blue jeans will fall, and the supply curve for blue jeans will shift to the right

Explanation:

If the price of cotton falls, the cost of producing blue jeans would fall. As a result of the fall in the cost of production, more producers would be attracted to the industry and production would increase. Increase in supply of blue jeans would shift the supply curve to the right.

I hope my answer helps you

5 0
3 years ago
Why is it important to research a school’s curriculum before deciding whether to go there?
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3 years ago
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In business, it is important to establish your credibility from your first day on the job.

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your well-deserved reputation as a reliable person who does their work well cares about the people they work with and for, upholds high moral standards and values both personally and professionally, and keeps their word. The extent to which others trust or believe in you is referred to as credibility.

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