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Brums [2.3K]
4 years ago
10

Elasticity is _______

Business
1 answer:
balu736 [363]4 years ago
5 0

Answer:

OPTION A        

Explanation:

In economics elasticity refers to the calculation of an empirical parameter's relative shift in reaction to a change in the other. It depicts how difficult it is for both distributor and customer to change their habits and replace another product, the power of an opportunity over options per the relative price of opportunities.                        

Elasticity could be measured as proportion of variation in magnitude in one parameter to change in magnitude in an other parameter if the latter variable has a substantive effect on the previous. In form of the algebra a more precise description is provided. This is a tool to measure one factor's sensitivity to variations in the other, correlative static.                

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Answer:

If a currency such as the​ US$ is traded in a competitive​ market, a(n)​ increase in demand for the​ US$ raises the price of the​ US$ in terms of another currency such as the Japanese Yen ​(yen​).

Explanation:

Basic offer and demand law.

5 0
3 years ago
In a press conference, the president of a small country displays a chart showing that GDP has risen by 10 percent every year for
iragen [17]

Answer:

a) the correct answer is "B"

b) the correct answer is "C"

Explanation:

a) the correct answer is "B"

relies on nominal GDP which might have increased because of price increases and not output increases. As nominal GDP accounts for the price and it is calculated at the current price level. The answer is "B".

b) the correct answer is "C"

We can ask for growth rate of real GDP which excludes price change.

 

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3 years ago
BP ignored some safety regulations in order save $1 Million per day on the Horizon Deep Water Drilling Platform. How much did th
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<h3>What is safety regulation?</h3>

Safety regulation can be defined as a set of rules and regulation that an employees are mandated to follow so as to prevent work hazard.

Based on the given scenario ignoring the safety regulation so as to save $1 million per day  will cost the company $100 Billion.

Which is why companies made it compulsory for employees to follow the saftey standard set so as to ensures that employees work in a safe and conducive environment .

Inconclusion the amount that  those violations end up costing the company is $100 Billion.

Learn more about Safety regulation here:brainly.com/question/8430576

4 0
2 years ago
Which of the following accounts would not be included in the closing process at year-end?a) Rent expense.b) Additional paid-in c
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Answer:

b) Additional paid-in capital.

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Temporary accounts are all income statement accounts like sales account, rent account, depreciation expense account, telephone expense account e.t.c.

This exercise is to prepare temporary accounts for the next period.  since temporary accounts are measured as at period end, the transaction of a period must not be allowed to mix with another, hence the need to always close or bring to zero all temporary accounts.

In the question, all are income accounts except additional paid-in capital

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3 years ago
Which of these is an advantage of filing for Chapter 7 bankruptcy?
kotegsom [21]

Answer:

B) Debts can usually be erased in about 6 months.

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2 years ago
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