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ivann1987 [24]
2 years ago
15

Ruth runs a bread store. Her store's supply is highly elastic. What will Ruth do when the price of bread falls?

Business
1 answer:
I am Lyosha [343]2 years ago
5 0

Answer:

D

Explanation:

If there is more bread for a low price more people will come.

I did this before.

P.S.S Please press the crown if you will.

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In an international transaction involving a bank as a third party, the exporter ships the product after:
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The supply of aged cheddar cheese is inelastic, and the supply of bread is elastic. Both goods are considered to be normal goods
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Answer:

D) a decrease in both the aged cheddar cheese and bread markets.

Explanation:

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3 years ago
An indifference curve illustrates ... a) how consumers are indifferent about the location of their own consumption levels relati
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Answer:

Option c) how a consumer might trade off different levels of consumption of each of two goods, while staying at the same utility level.

Explanation:

This is the very definition of an indifference curve. The points in an indifference curve are the combinations of the quantities (level of consumption) of two different goods which will produce the very same utility to the consumer. The consumer will perceive any of those combinations as having the same utility for him.  

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In this graph the combination of 2 pairs of shoes and 15 pants will be perceived as having the same utility as the combination of 5 pairs of shoes and 4 pants. Both are combinations in the same indifference curve, the green one, and the utility of any combination lying in that green curve will be rated the same: u = 1.

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