When does a decrease in supply raise the price more: When demand is elastic or when demand is inelastic? When
OPEC decreases the supply of oil, the price of gasoline skyrockets. Hence is the demand for gasoline elastic or inelastic?

Answers

Answer 1

In general, the regulation of deliver and call for states that the charge of any item will increase if call for for it increases or the deliver for it decreases.

The required details for  law of supply and demand in given paragraph

The regulation of deliver and call for combines essential monetary ideas describing how adjustments within side the charge of a useful resource, commodity, or product have an effect on its deliver and call for. As the charge increases, deliver rises even as call for declines. Conversely, because the charge drops deliver constricts even as call for grows. Levels of deliver and call for for various expenses may be plotted on a graph as curves. The intersection of those curves marks the equilibrium, or market-clearing charge at which call for equals deliver, and represents the procedure of charge discovery within side the marketplace. The regulation of call for holds that the call for stage for a product or a useful resource will decline as its charge rises, and upward thrust because the charge drops. Conversely, the regulation of deliver says better expenses enhance deliver of an monetary excellent even as decrease ones have a tendency to decrease it. A market-clearing charge balances deliver and call for, and may be graphically represented because the intersection of the deliver and call for curves.

The diploma to which adjustments in charge translate into adjustments in call for and deliver is referred to as the product's charge elasticity. Demand for simple requirements is distinctly inelastic, which means it's far much less conscious of adjustments of their charge.

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Related Questions

the number of customers per day an organization's service delivery system is designed to serve within a certain time frame, is referred to as? the number of customers per day an organization's service delivery system is designed to serve within a certain time frame, is referred to as? service capacity capacity utilization service throughput productivity potential

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The number of customers per day an organization's service delivery system is designed to serve within a certain time frame is referred to as service capacity

What is service capacity?

Generally, The production or service potential of a tangible capital asset (TCA), which is often defined by references to qualities such as the physical output capacity, quality of output, related running expenses, and usable life of the tangible capital asset.

Planning for capacity is the process of developing a system or strategy in advance with the purpose of ensuring that an organization can accept, contain, or transport its goods.

When it comes to the number or kinds of services, talents, or people that they supply, the projects that they manage, or the people or organizations that they serve, businesses simply cannot afford to make educated guesses.

The number of applicable units of service that can be produced by a specific facility or service program at that facility is referred to as the facility's or service program's service capacity, and the practical, maximum level of service production that can be achieved by a service program is referred to as the service program's service capacity.

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in deciding whether to study for an economics test or go to a movie, one is confronted by the idea(s) of

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In deciding whether to study for an economics test or go to a movie, one is confronted by the ideas of scarcity and opportunity costs.

What does opportunity cost mean?

The worth of what you forgo while deciding between two or more possibilities is known as opportunity cost. Every decision involves trade-offs, and opportunity cost refers to the gains you could have gained by going in one route rather than the other. Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them.

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Which employee is most likely to have a pension plan?
OA. A food bank volunteer
B. A part-time food server
OC. A family physician
D. A public school teacher

Answers

A public school teacher most likely to have a pension plan.

What does a pension plan mean?

A pension plan is a type of employee benefits program created or maintained by an employer, an employee group (such a union), or both that offers retirement income or postpones income until the end of the covered employment period or beyond.

An employer must contribute to a fund that is set aside for a worker's future benefit in order to participate in a pension plan. When the worker retires, the earnings from the investments will provide income for the worker. The pool of cash is invested on the employee's behalf. In the U.S. private sector, traditional pension plans are getting harder to find.

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A good business meets_______needs
Choose the answer.
A) specialized
B) identified
C) future
D) likely

Answers

The best one that would fit in this question would be (C) Future.

true or false? the more completely you use the marketing hub, the better the individual tools can help you. true false

Answers

This is accurate since the separate tools will support you more effectively the more fully you utilize the marketing center.

Which definition of marketing suits it the best?

Sales promotion refers to what a business does to induce the purchase or sale of a service or item. Promoting, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates perform some marketing on behalf of the firm.

Why is marketing so crucial?

The benefit to having for your company is that it engages consumers and helps customers decide whether it should sell your services or goods. A marketing strategy, which is a component of your company plan, also aids in establishing and sustaining demand, relevance, reputation, competitiveness, etc.

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Jackson invested $15,000 in a mutual fund. His sister invested 20% more money than he did. How much money did jackson's sister invest? enter the answer in the box.

Answers

Answer:30

Explanation:

A manager is using the organization’s erp software to generate a report that links its human resources data to its overall financial performance. What is one type of hr data that the erp accounting module could factor into this report?.

Answers

The one type of hr data that the ERP accounting module could factor into this report is The employee's payroll and benefits.

What is an report?

A Report refers as a document or statement that highlights the key issues or events of any organization and helps them to know the internal and external factors causing an effect on them.

It can be used by internal and external stakeholders to assess employee productivity, health, diversity, and inclusiveness. It also helps to get more information on workforce planning.

It helps to make better-informed decisions regarding boosting employee health and corporate performance is made possible.

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When a U.S. company makes a $200,000 donation to the International Red Cross to help the victims of an earthquake in India, the transaction is recorded in the

A.current account.
B.international help account.
C.official settlements account.
D.oneminus−way donations account.
E.capital account

Answers

When a U.S. company makes a $200,000 donation to the International Red Cross to help the victims of an earthquake in India, the transaction is recorded in the current account. Therefore, option (A) is the correct answer for this question.

A current account, often called a financial account, is a kind of deposit account kept by those who conduct a lot more transactions with banks frequently. It is developed by the bank at the applicant's request and made accessible often or instantly.

Current accounts offer a wide range of tailored alternatives to help with financial transactions and are related to liquid deposits. Additionally, current accounts enable the use of the bank's check feature to pay creditors. In contrast to savings accounts, current accounts typically don't pay interest and have higher minimum balance requirements.

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fully developed data warehouse or a pure data lake are the only two choices for large analytical data repositories. group of answer choices true false

Answers

It is true that fully developed data warehouse or pure data lake are only two choices for the large analytical data repositories.

What is a warehouse?

Wholesalers, transport companies, manufacturers, importers, exporters, customs, etc. all use warehouses. On the edges of cities, towns, or villages, they are typically massive, basic structures in industrial parks. Docks for loading and unloading cargo from lorries are typically present in warehouses. Sometimes warehouses are made specifically for loading and unloading cargo from airplanes, ships, and railroads. For transferring items, which are often put on ISO standard pallets and then loaded into pallet racks, they frequently use cranes and forklifts. Any raw materials, packing materials, spare parts, components, or completed commodities related to manufacturing, production, and agriculture can be classified as stored goods. A "godown" is a term used to describe a warehouse in India and Hong Kong.

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southwest airlines is known for which risk management strategy? part standardization hedging postponement near-sourcing supplier segmentation

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Southwest airlines is known for hedging management strategy.

What is hedging?

A hedge is a position in the market used to counteract any gains or losses that might be experienced by a companion investment. Stocks, exchange-traded funds, insurance, forward contracts, swaps, options, bets, other over-the-counter and derivative products, futures contracts, and other financial instruments can all be used to create a hedge.

In order to facilitate transparent, standardized, and effective hedging of agricultural commodity prices, public futures markets were created in the 19th century. Since then, they have grown to include futures contracts for hedging the values of energy, precious metals, foreign exchange, and interest rate fluctuations. The concept of hedging involves taking a stake in one market to balance and offset the risk taken by holding a position in a different, opposing market or investment.

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The​ ______ account records receipts from exports of goods and services sold​ abroad, payments for imports of goods and services from​ abroad, and​ ______.

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The​ current account records receipts from exports of goods and services sold​ abroad, payments for imports of goods and services from​ abroad, and​ foreign aid. In economics, a nation's current account keeps tabs on the amount of its exports, imports, and foreign capital flows.

It is one of its balance of payments' two elements, together with the capital account (also known as the financial account). A current account is a personal checking or savings account from which you can withdraw funds whenever you want using a chequebook or cash card. His bank balance was significantly overdrawn. The value capital flows. between an economy's exports and imports over a specific time period is known as its current account.

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all of the following resulted from the repeated invasions of the germanic tribes that led to the fall of the roman empire except

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All of the following resulted from the repeated invasions of the Germanic tribes that led to the fall of the roman empire except the establishment of a common language.

Who are said to be tribes?

Tribes are a type of human social group that are referred to in a variety of circumstances. The field of anthropology is where the phrase is most frequently used in English around the globe. This notion is under dispute, in part because of divergent theoretical interpretations of social and familial relationships, and in part because of the problematic way this idea has been applied to the many various human cultures. Anthropologists frequently compare this idea to other social and familial groupings, as it is more hierarchically complex than a lineage or clan but less so than a chiefdom, country, or state. Both of these definitions are under dispute. Tribes sometimes enjoy legal status and a certain amount of political independence from the national or federal government.

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the world price of a pound of almonds is $4.50. before uruguay allowed trade in almonds, the price of a pound of almonds there was $3.00. once uruguay began allowing trade in almonds with other countries, uruguay began

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If the world price of a pound of almonds is $4.50. Before Uruguay allowed trade in almonds, the price of a pound of almonds in Uruguay was $3.00. Once Uruguay began allowing trade in almonds with other countries, Uruguay began : exporting

What is exporting?

Exporting can be defined as the way of sending goods produced or manufacture in your own country to another country.

Based on the scenario Uruguay  tend to began exporting almonds and the price of this almonds per pound in Uruguay increased to  the amount of $4.50 from $3.00.

Therefore we can conclude that Uruguay began exporting almonds.

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which employee group was not included in the nlrb decision identifying categories of hospital workers permitted to organize in a bargaining unit?

Answers

The categories of hospital workers permitted to organize in a bargaining unit is managers in the middle.

What is organizing?Organizing is the establishment of effective authority relationships among selected works, persons and work places in order for the group to work together efficiently, or the process of dividing work into sections and departments.Which coordinates human efforts, arranges resources and incorporates the two in such a way which helps in the achievement of objectives. It involves deciding the ways and means with which the plans can be implemented.

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how does neoclassical economist gary becker come to the conclusion that women may purposely seek less-demanding, lower-paying work and that any experience they build will be in jobs with poor pay and benefits (start with the three assumptions)?

Answers

Boosting the returns on human capital investments;Women are more responsible for caring for children and maintaining the home; andThe reality that leisure activities are more taxing than caring for children and maintaining a home.

Gary Becker, a proponent of neoclassical economics, explains how he came to the conclusion that women would actively seek out less demanding, lower earning employment and that any experience they accumulate will be in positions with subpar pay and benefits.

Increased returns on human capital investments, the fact that women shoulder a disproportionate amount of the cost of childcare and home maintenance, and the fact that leisure is more exhausting than childcare and household maintenance. According to the first, increasing one's time spent in a particular market employment will boost production and, thus, pay. If women spend less time outside the home than males do, then presumably they are less talented. The second and third points out that women are likely to have less energy for any market work they may undertake if males only have to choose between work and leisure while women also have to care for the home and children. As a result, people actively seek out lower-paying, simpler jobs as well as any human capital they can gather.

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suppose that the gdp of california increases by 12% each year. how long will it take for the gdp of california to double? round your answer to one digit after the decimal.

Answers

A country's economy is said to be growing when the value of its goods and services rises, generating more revenue for companies.

What is a simple definition of GDP?5 years  long will it take for the Gdp of California to double. round your answer to one digit after the decimal.GDP calculates the monetary value of the final goods and services—those purchased by the consumer—produced in a nation during a specific time period (say a quarter or a year).It accounts for all the output produced inside a nation's boundaries.GDP is calculated as private consumption plus gross domestic product plus government investment plus (exports – imports).The country's national statistical office often uses the international standard to compute GDP.Growth is the term used to describe the physical process of growth, particularly the act of physically expanding. It is quantitative, which means that it can be measured, and genetics mostly determines it. For instance, Number of years to double = 70/annual growth rate

Number of years to double = 70/14%

Number of years to double = 5 years

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when evaluating manager performance of an international business, the text lists several items that should be allowed for since managers would have no control over them. which three items are included in that list?

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The text lists several factors that should be taken into account when evaluating the performance of international business managers, including interest rates, transfer prices, and tax rates.

Which three factors would make capital budgeting more difficult for an international company?

The three main external factors that have an impact on multinational companies' budgets are interest rates, inflation, and foreign currency exchange rates. Chief financial officers are aware that they have no control over this "Bermuda Triangle" of external factors.

What is the purpose of financial reporting for businesses?

An organization's economic resources, claims to those resources, and shifts in those resources and claims should all be included in financial reporting.

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operations managers at all-metal corporation have found that they can achieve efficient production only by having very large quantities of steel available at all times. this indicates that all-metal uses a(n) production process.

Answers

Management teams at Metal Corporation have discovered that having quantities on hand at all times is the best way to ensure efficient manufacturing. This suggests that production used by metal is continuous.

What does a manager of operations do?

Operations managers typically are in charge of their company's overall strategy. Process, purchasing, administration, human capital, inventory, and IT management fall within their purview. Organizations cannot remain operational without them.

Role of manager operations?

The assistance you give customers to make their transactions with you easy and enjoyable, both during and after they buy and use your products or services, is referred to as service quality. You must offer excellent customer service if you want to retain customers and grow your business.

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Assume that the skills required of a sales clerk at a retail store are similar to those required of workers at a fast-food restaurant. If workers are completely indifferent between fast-food jobs and retail-sales jobs, in what way would the wages of sales clerks change, if at all?.

Answers

The ways that the way would the wages of sales clerks change, if at all is option B: It will rise as the supply of food service workers will rise.

What transpires when supply and demand both rise?

A basic point of economics is that when there is more supply than demand for an item or service, prices decline. Prices typically increase when demand outpaces supply. When demand is constant, there is said to be an inverse relationship between supply and prices of products and services.

Note that When demand and supply both rise, more will be purchased by consumers and more will be produced by businesses. The impact on price will be one that will depend on the relative amount of the two changes because consumers place a higher value on each unit while producers are said to be willing to supply each unit at a lower price.

From the image, wages increase is as a result of increase in numbers of workers. Hence option C is correct as it is in a state of equilibrium.

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all else held constant, what would happen to the equilibrium price of the product if the price of a complement in consumption increased?

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If the price of a complement increases, the demand for the good would decline.

What is a complement good?

Complement goods are goods that are consumed together or used together in the production process. For example, bread and jam are complement goods because they are consumed together.

If the price of a complement good increases, the quantity demanded of the complement good declines and the demand for the good would decline.

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when leaders decide to either give salary increases to their employees or withhold any salary increases, which of the following types of power do they exercise? a.expert b.informal c.referent d.coercive e.reward

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When leaders decide to either give salary increases to their employees or withhold any salary increases, reward is the types of power they exercise.

What is a reward power?The official authority provided to a work leader to bestow incentives on other employees is known as the reward power. A leader's position inside a corporation determines the source of power since it is position power. A manager or supervisor who encourages people to perform better is an example of someone with reward power.It's a leadership tactic used to make the most of workers' talents by rewarding them with money, bonuses, incentives, a raise in pay, or additional vacation time. The advantages are offered to motivate staff to work harder and more productively. It restores performance's vigour and effectiveness.The capacity of a group member to offer a positive incentive as a compliance-gaining tactic gives them the authority known as reward power, whereas the ability to offer a negative incentive gives them the power known as coercive power.

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Angelina will be traveling worldwide as a goodwill ambassador for a nonprofit organization. She is asked to gather information and suggestions regarding the organizations’ next humanitarian outreach program. What strategy can best reduce any listening errors caused by cultural differences?.

Answers

Practice active listening and respect for one other's cultures as this will help to minimize any listening faults brought on by cultural differences.

What is active listening?

For the purpose of demonstrating attention to the message being provided, active listening is the activity of getting ready to listen, observing the verbal and nonverbal cues being used, and then responding appropriately. This style of listening shows that the speaker and the listener have a shared understanding. When listeners are actively engaged, speakers get evidence that their points are being understood, and listeners learn more. Clear exchange of thoughts and ideas between the speaker and listener is the overarching purpose of active listening, which aims to do away with any potential misconceptions. Reflective listening is another name for it. Carl Rogers and Richard Farson popularized active listening.

This kind of listening shows that the listener and speaker are on the same page. A technique for listening to and responding to another person that promotes understanding between the two of you is active listening. Angelina can use this in this situation.

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justyne supervises several employees who seem to have low self-efficacy. to improve this situation, she should do all the following except

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Many of the employees under Justyne's supervision lack self-efficacy. She should stop celebrating insignificant victories in order to make things better.

How should a manager handle a low-confidence employee?

If a manager wishes to boost a subordinate's self-esteem and is aware of their low self-esteem, she should provide them periodic reminders about dealing with deficiencies. Give this employee no duties to complete.

How does Brad deal with those employees that don't seem to be working out very well?

Brad is in charge of several employees who lack self-efficacy. With the exception of serving as a mentor and role model for them, he should take the actions listed below to advance the situation. provide escorted excursions. Don't praise insignificant achievements.

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Gary and Florence are hired at the same time for the same position. They are both equally qualified, but Florence, who is blind, is paid less because the company thinks she will not be able to complete as much work as Gary. This is an example of

ethnic discrimination
disability discrimination
racial discrimination
religious discrimination
please answer this aspa!

Answers

Disability discrimination! since being blind is considered a physical disability.

true or false: the cost of debt on the market value basis is typically much higher than the cost of debt on the book value basis. true false question. true false

Answers

It is true that the cost of debt on a book value basis typically exceeds the cost of debt on a market value basis.

Bonds can be issued by a company to raise long-term funds that can be used to support current operations and make profitable investments in the future. The fluctuation of the market interest rate has no bearing on a bond's value.

If bondholders intend to keep their bonds until maturity, the yield to maturity would be considered the required rate of return. Alternately, this yield represents investors' willingness to accept the risk posed by the company itself and the market. The expected yield will be less influenced by the issue's coupon rate because a healthy business is thought to have less risk than other businesses. Having said that, the bond's market value will be close to its book value.

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The relative profitability of a firm that employs an aggressive working capital financing policy will improve if the yield curve changes from upward sloping to downward sloping. True or False?

Answers

It is false that the relative profitability of a company that employs an aggressive working capital financing policy will improve if the yield curve changes from an upward to a downward slope

Relative profitability

This process seeks to know the control of the risk that a fund has had, it is similar to the alpha and beta of a portfolio. Since the objective is to relate profitability with risk and whether or not the market has been beaten, although negative profitability does not seek to know this factor.

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In the capgemini iot industry 4. 0 case, what dimension focuses on the way that smart products are equipped with computing power that enables autonomous decision-making and self-learning processes based on algorithms?.

Answers

In the Capgemini iot industry 4. 0 case, CPPS dimension focuses on the way that smart products are equipped with computing power.

Write a short note on CPPS.

Cyber-Physical Production Systems (CPPS) or the Smart Factory results from the integration of Cyber-Physical Systems (CPS) with production systems, depending on the application. Products, production resources, and processes are all individually characterized by the unique characteristics of CPS in such an environment.

The computer power of smart products enables autonomous decision-making and self-learning processes based on predetermined algorithms. Cyber-physical production systems (CPPS) connect the physical production system to the digital world, opening up entirely new possibilities for the factory of the future. The ability to clearly and practically communicate these benefits and concepts to professionals as well as students has so far proven to be challenging.

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if kevin and cj deal with conflict by aggressively challenging one another, what style of conflict management are they using?

Answers

If Kevin and CJ approach conflict by aggressively criticising one another, they are utilising the competition conflict management technique.

What, for instance, does conflict mean?

An ongoing argument between those who hold different ideas or opinions: He and his father frequently argued with one another. It was a controversial policy that led to numerous disputes inside the party. His strong opinions regularly caused him to disagree with the president.

What exactly is the idea of conflict?

Conflict is an action that occurs between rational, but not always conscious, beings. We do not refer to a collision between two celestial bodies as a dispute. The desires, requirements, or liabilities of the contracting concerned are used to define a conflict.

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stella, inc. needs to communicate financial information to external users that is useful for making investment, credit, and other business decisions. this is called

Answers

Stella Inc. must provide financial data to other parties that might be used to decide whether to extend credit or not, among other business decisions.

What is the greatest way to define financial?

Financial refers to or concerns money. The business is having money problems. Synonyms include budgeting, business, and economics. More Financial synonyms. Adverb of finance.

What does finance mean to a business?

Business Finance Meaning

It alludes to a company's overall financial and credit usage.. Business financing is necessary for carrying out all other business activities as well as for the acquisition of assets, goods, and raw materials. In particular, it is required for carrying out business processes.

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suppose that the firm aggie alfalfa has a hay field that they are willing to sell today. the net annual returns to the hay ield are expected to be $35,000 per year for the next 15 years. at the end of 15 years, it is expected that the land will sell for $25,000. calculate the market value of the orchard if the market rate of return on comparable investments is 14%.

Answers

If the market rate of return on comparable investments is 14%, the orchard's market worth is $3500.

What does "market value" mean?

Market value, sometimes referred to as OMV or "open market valuation," is the cost that an asset would command on the open market or the estimation that the financial community makes of a specific equity or company.

Market value is the price at which a piece of property would sell in the open market, taking into account reasonable costs like brokers' fees. The price that a buyer is willing to pay on the open market.

Given,

25000 * 14%

=3500

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