Answer:
Reduce and more than 15 percent
Explanation:
As Inelastic Demand state that the percentage change in quantity demanded is less than the percentage change in price. Therefore, if the crop is 15 percent higher, farmers will have to reduce the cost of corn by 15 percent to sell the new crop. We know that supply and price share an inverse relationship to reduce sales as supply increases and new crops grow.
Supply, the supply curve, and the supply schedule are three different ways of expressing information about the supply of a good - service - or resource
<h3>What are ways of expressing supply?</h3>
When we speak of supply, we refer to the quantity of goods and services that producers give to the market for sale.
The supply curve then shows the different prices and quantities that these goods would be sold in while the supply schedule does the same but in a non-graphical format.
Find out more on the supply schedule at brainly.com/question/2094262.
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Answer:
I am unsure of the answer but it can be narrowed down to B D or E because the GDP would decrease.
Answer:
i think d is the correct answer
Answer:
2.20
Explanation:
The formula to compute the total assets turnover ratio is shown below:
Total asset turnover = (Sales revenue ÷ Total assets)
= ($670 ÷ $305)
= 2.20
We simply divide the sales revenue by the total assets, so that the total asset turnover ratio can be computed
All other information which is given is not relevant. Hence, ignored it
