1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vera_Pavlovna [14]
3 years ago
5

If the amount of beachfront land in Malibu supplied to the market remains the same even when the price of beachfront land in Mal

ibu increases, the:_________.
a. demand for beachfront land in malibu must be perfectly inelastic,
b. supply of beachfront land in Malibu must be perfectly elastic.
c. demand for beachfront land in Malibu must be perfectly elastic.
d. supply of beachfront land in Malibu must be perfectly inelastic.
Business
1 answer:
ad-work [718]3 years ago
4 0

Answer:

D

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

Supply is perfectly inelastic if a small change in price has no effect on quantity supplied

You might be interested in
Prepare journal entries to record the following transactions for Sherman Systems. Purchased 6,800 shares of its own common stock
Yuki888 [10]

Explanation

I think your question missed of key information for question 2, so I just answer question at my best for helping you.

                                                                       Debit             Credit

11-Oct

Treasury                                                         292400

Cash                                                                                     292400

<em>Being own shares repurchased   </em>

1-Nov  

Cash (1,450 × 49)                                             71,050

Treasury Stock (1,450 × 43)                                                 62,350

Paid-in Capital from Sale of Treasury Stock                          9,700    

<em>To record the sale of treasury stock.      </em>         

November 25

Cash (5350 × 38)                                           203,300

Paid-in Capital from Sale of Treasury Stock   9,700

Retained Earnings                                            17,050                

Treasury Stock (5350 × 43)                                                      230,050

<em>To record the sale of the remaining treasury shares  </em>      

4 0
3 years ago
Ms. Towne is buying a home for $250,000 and is putting down 20% cash on the purchase. She is financing the rest with a 30-yr, fi
kipiarov [429]

Answer:

$180

Explanation:

the monthly payment = principal / annuity factor

  • principal = $250,000 x 80% = $200,000
  • PV annuity factor, 360 periods, 0.38542%= 194.4995527

monthly payment = $200,000 / 194.4995527 = $1,028.28

in total, you will pay $1,028.28  x 360 = $370,180.80, so total interests = $370,180.80 - $200,000 = $170,180.80

the biweekly payment = principal / annuity factor

  • principal = $250,000 x 80% = $200,000
  • PV annuity factor, 780 periods, 0.178%= 421.62071

monthly payment = $200,000 / 421.62071 = $474.36

in total, you will pay $474.36  x 780 = $370,000.80, so total interests = $370,000.80 - $200,000 = $170,000.80

During the 30 year period, you will be able to save $170,180.80 - $170,000.80 = $180 in interests

3 0
3 years ago
Since the acme global corporation closed six of its plants last year, employees at the other plants have been feeling a great de
Leya [2.2K]
This is called an occupational stress. <span> This comes from work, which is stress related.</span><span>
</span><span>There are many factors why people have occupational stress. T</span><span>he load of work, pressure, economic conditions at work and layoffs can lead to such stress. Stress can lead to poor health and behavioral changes.</span><span>
</span><span>
</span>
7 0
4 years ago
After assessing the market growth potential and market competitiveness in Mexico for his company's baby products, Harold wanted
Arturiano [62]

Answer:

After assessing the market growth potential and market competitiveness in Mexico for his company's baby products, Harold wanted to evaluate market access. To do this, Harold would consider ease of assessing or developing distribution channels and brand familiarity

<u>Explanation: </u>

Harold would, first of all, find out the ease in accessing the market. If he finds that it is easy to access the market or target the consumers than he will develop distribution channels. Distribution channels take lots of time and effort.

Than Harold will determine the brand familiarity which means he will make the consumers familiar with his company's baby products. Brand familiarity affects the consumer's information about the product.

5 0
3 years ago
Question
Crank

In the evolution of the internet e-commerce allows people to make transactions online is the event occurred most recently.

<h3>Why e-commerce has grown up so much?</h3>

Today ecommerce has very vast market online and people are likely to sell and purchase the things online rather than going to physical market.

The increase in e-commerce has brought the emergency of online payment of the goods and services in the ecommerce.

Thus, option A is correct.

For more details about  e-commerce, click here:

brainly.com/question/14157556

#SPJ1

7 0
2 years ago
Other questions:
  • _______ is best described as the difference between the value a consumer attaches to a good or service and what he or she paid f
    7·1 answer
  • A company should immediately recognize: any gain when it constructs a piece of equipment at a cost savings. any gain when it mak
    8·1 answer
  • What are the two types of state budgets?
    8·1 answer
  • Palmer Products has outstanding bonds with an annual 8 percent coupon. The bonds have a par value of $1,000 and a price of $865.
    11·1 answer
  • Help me with this please !! This isn’t the right answer I picked !!
    7·2 answers
  • One study of businesses maintains that many businesses are __________ flextime, job sharing, and paid family leave.
    13·1 answer
  • During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 80,000 mini refrigerators, of whi
    7·1 answer
  • Rick is looking to put some money in a savings account with a 3.8% interest rate. he currently has $4,780 saved, and he is tryin
    8·1 answer
  • At the beginning of the year, Camille purchased 300 shares of stock at $25.50 per share, then sold them at the end of the year f
    11·1 answer
  • Christian is 33 years old, has been renting for the past five years, and is now thinking about purchasing a home by applying for
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!