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Arturiano [62]
3 years ago
11

In the short run or in shorter time periods supply curves tend to:_______

Business
1 answer:
svlad2 [7]3 years ago
3 0

Answer:

b) be more inelastic than supply curves that apply to longer periods of time.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply. In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.

Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.

An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.

In the short run or in shorter time periods supply curves tend to be more inelastic than supply curves that apply to longer periods of time.

This ultimately implies that, a rightward shift in the aggregate supply (AS) curve causes output to increase and result in a price fall (lower price), in the short run.

However, in the long-run or in longer time periods, supply curves tend to be fairly elastic than supply curves that apply to shorter periods of time.

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At first Rohan thought it was a good idea to offer a car repair pick-up service at his auto repair shop, but then he realized th
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3 years ago
The following table shows the approximate income distribution for Croatia, Nicaragua, and Haiti in 2016. In particular, it shows
Semenov [28]

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<h3>Which nation has the most income?</h3>

The table simple shows the various percentages of the country's population that are earning a certain amount.

From this table alone, we cannot tell which nation has the most income.

We can infer however, that Croatia has the least income inequality based on the even spread of total income. Haiti then has the most income inequality.

Question is:

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Find out more on income inequality at brainly.com/question/24554155.

#SPJ1

5 0
1 year ago
At the present time, Andalusian Limited (AL) has 5-year noncallable bonds with a face value of $1,000 that are outstanding. Thes
maw [93]

Answer:

2.69%

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So, After Tax cost = Rate ( 1 - tax rate)

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Excel function is attached below.

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