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devlian [24]
2 years ago
5

Suppose the demand curve for a product is represented by a typical downward-sloping curve. Now suppose that the demand for this

product increases. Which of the following statements accurately predicts the resulting increase in price?
A. The more elastic the supply curve, the greater the price increase.
B. The more elastic the supply curve, the smaller the price increase.
C. The increase in price is not affected by the elasticity of the supply curve.
D. There will be no increase in price if the supply curve is perfectly inelastic
Business
1 answer:
Dimas [21]2 years ago
8 0

Answer:

B. The more elastic the supply curve, the smaller the price increase.

Explanation:

If the demand for the product increases, demand would exceed supply and a scarcity would occur. The scarcity would lead to a rise in price and fall in quantity.

The severity of the scarcity depends on how fast supply is to respond to the scarcity. If supply can easily respond to the increase in price by increasing supply, the smaller the price increase would be.

Supply is elastic if a small change in price leads to a greater change in the quantity supplied.

I hope my answer helps you

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Salsk061 [2.6K]

Answer: -interact with others

- work outdoors

- focus on details

Explanation:

I just did edgenuity

5 0
2 years ago
Read 2 more answers
Orleans Corporation, a U.S. corporation, reported U.S. taxable income of $2,000,000. Included in the computation of taxable inco
Dafna11 [192]

Answer:

$420,000

Explanation:

Calculation for Orleans’s net U.S. tax liability

Using this formula

Tax liability=Taxable income×U.S tax rate

Let plug in the formula

Tax liability=$2,000,000×21%

Tax liability=$420,000

Therefore Orleans’s net U.S. tax will be $420,000. The withholding tax amount of $8,000 was not included because it was already imposed on the dividend.

8 0
2 years ago
Rivoli Inc. hired you as a consultant to help estimate its cost of capital. You have been provided with the following data: D0 =
Illusion [34]

Answer:

9.5%

Explanation:

The formula to compute the cost of common equity under the DCF method is shown below:

= Current year dividend ÷ price + Growth rate

In first case,  

The current dividend would be  

= Last year dividend + last year dividend × growth rate

= $0.80 + $0.80 × 8%

= $0.80 + $0.064

= $0.864

The other things would remain the same

So, the cost of common equity would be

= $0.864 ÷ $57.50 + 8%

= 0.015026 + 0.08

= 9.5%

6 0
2 years ago
A census is a regularly-occurring and official count of a particular population. Census data available at the United States Cens
likoan [24]

The census data i.e. available at the United States Census Bureau website represents the example of public information.

The information regarding the United States Census Bureau is as follows:

  • It is the principal agency that should be held responsible for the national census for a minimum of 10 years.
  • Also at the same time, it generates data for the economy.
  • Moreover, public information represents an example of this.

Therefore, we can conclude that the census data i.e. available at the United States Census Bureau website represents the example of public information.

Learn more about the census here: brainly.com/question/12833550

7 0
2 years ago
Although most international business is conducted in English, levels of comprehension can vary. How can you enhance your oral co
Arturiano [62]

The following from the given are the ways that would enhance the oral communication skills internationally,

  • Option A: Follow up in writing.
  • Option B:  Accept blame.
  • Option E: Encourage accurate feedback.
  • Option F: Smile when appropriate.

<u>Explanation:</u>

Oral communication can be said as the most easiest and fast way of conveying the message or the information. It is more important to develop the oral communication skills for each and every individual.

The following are some of the steps to upgrade the level of language and communicating ability internationally,

Listen - Keep listening whenever the other person speaks.

Accept the mistakes - This will help in rectifying the errors.

Body language - It is not only the words but the gestures of the individual speaks too. So, try to be more appealing when it comes to body language.

Watch your tone - Maintain the right tone in the right place.

6 0
2 years ago
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