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larisa [96]
3 years ago
7

Read the scenario below and then answer the question. Sample scenario: Scientists have created a new grass seed that stops grass

growth at a specific length, eliminating the need to mow the lawn. The price of this seed is high, but many consumers still want to use it. As a result, several different producers supply a large amount of this seed to consumers. In order to attract consumers to their product, some producers lower their prices and supply fewer bags of seeds. What is the best description of the grass seed that is described in this scenario
Business
2 answers:
Mazyrski [523]3 years ago
8 0

Answer:

It's a good with an elastic supply

Explanation:

edge 2021

Ray Of Light [21]3 years ago
7 0

Answer: a good with an elastic supply

Explanation:

Price elasticity of supply simply refers to how the changes in market price of a good bring about a responsiveness to the supply of such good.

Based on the information given, the best description of the grass seed that is described in this scenario is that it's a good that has an elastic supply. This is because the price of the good in thus case, is sensitive to the changes in the price.

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On March 4, Year 1, Evan Co. purchased 1,000 shares of LVC common stock at $80 per share. OnSeptember 26, Year 1, Evan received
12345 [234]

Answer:

b. $5,000

Explanation:

<u>September 26th</u>

1,000 x 5 = 5,000 stock rights Investment

It receive 1,000 right at $5 dollars each the total is 5,000

This rights were detachable from the stocks, so they have a diferent account, they are independent from the common shares purchased on March 4th

8 0
3 years ago
In a paragraph of no less than 125 words, describe how technology helps business professionals to be more efficient.
Mandarinka [93]

Answer:

In a paragraph of no less than 125 words, describe how technology helps business professionals to be more efficient?

Technology has greatly improved business professionals in recent times, this cut across different spheres such as the development of excel used as spreadsheet to make work neat and presentable, the development of computer which helps in achieving greater efficiency than human power within a shortest timing, the development of computer programming to ensure goods are counted automatically from stock which are entered into the system which limits theft, development of cctv camera which has greatly helped in recurring past events at working places or sales offices which helps to reduce crime and captures perpetrators.

Explanation:

7 0
3 years ago
Which of the following is true about the equilibrium federal funds​ rate? A. The equilibrium federal funds rate is constant beca
djyliett [7]

Answer:

C) The Fed can increase the equilibrium federal funds rate by decreasing the supply of reserves.

Explanation:

The Federal fund rate is the interest rate at which the banks use to lend money to each other overnight. It can simply be called the interest rate for interbank reserve loans. It can also be the interest rate which is used to conduct monetary policies.

Here, money demanded is equal to the amount of money supplied. The Fed can change the equilibrum funds rate by decreasing the money supplied to the banks, which in turn, makes the federal fund demand increase and the federal also fund rate increases.

6 0
3 years ago
If, at the current price, there is a shortage of a good, then a. sellers are producing more than buyers wish to buy. b. the mark
goldenfox [79]

Answer: Option c

Explanation: The production by the producers for availability in the market is knows as the supply function in economics. And the amount of goods that the consumers are willing to buy at a given price is the demand function.

Thus, if there is a shortage of good in the market it means the price charged by the suppliers is below the equilibrium level.Therefore, the consumers who actually do not need it are demanding the product.

Hence we can conclude that the right option is C.

3 0
3 years ago
Read 2 more answers
John works for a factory and receives a weekly paycheck. He typically places 3% of each paycheck into a bank savings account. Th
tekilochka [14]

It’s not is injected back into for the first

And “does not affect” is not the right answer either for the second slot

7 0
3 years ago
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