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Questions asked by the same visitor
what happens when the price decreases in the case of a product that has elastic supply?
Weegy: The demand has decreased. (More)
Question
Expert Answered
Updated 6/16/2012 11:44:30 AM
1 Answer/Comment
There is a decrease in demand. So in order to attract more buyer the business has decreased the price. If there was more people buying the product then there would be an increase in demand. The business would take advantage of the increase of consumers by raising prices. However that is not the case here. This is a decrease in demand
Added 6/16/2012 11:44:30 AM
This answer has been added to the Weegy Knowledgebase
Rated good by sar2000, Rated good by sar2000, Rated good by sar2000, Rated bad by sar2000, Rated good by sar2000
if sellers expect the price of a good to rise in the future, what are they likely to do? A) put more goods on the market immediately B) store goods now to sell more in the future C) raise their prices now D) set prices according to the law of demand
Weegy: Sellers would be more likely to go for B. Store goods now to sell later - That way they are sure of getting the best possible prices for their goods. [ However, in business things don't always go to plan, and in my personal opinion, it would be better to lean more towards D. That way you are not left with a lot of products which (possibly) might not sell at a later date and they will then be worthless. ] (More)
Question
Expert Answered
Updated 3/5/2013 6:37:30 AM
1 Answer/Comment
If sellers expect the price of a good to rise in the future, they are likely to do B) store goods now to sell more in the future
Added 3/5/2013 6:37:30 AM
12)Which cost is not a fixed cost? (1point) (property taxes) (building construction costs) (rent) (electricity)
Weegy: (building construction costs) is not fixed. User: 11)What is the level of output every firm strives for? (1point)when fixed cost and marginal cost are equal\when variable cost and marginal cost rise at the same rate\when marginal revenue equals marginal cost\when marginal revenue is greater than marginal cost Weegy: When marginal revenue is greater than marginal cost (More)
Question
Expert Answered
Updated 6/16/2012 1:17:56 PM
1 Answer/Comment
The revenue has to be greater than the cost
Added 6/16/2012 1:17:56 PM
Rated good by sar2000
11)What is the level of output every firm strives for? (1point)when fixed cost and marginal cost are equal\when variable cost and marginal cost rise at the same rate\when marginal revenue equals marginal cost\when marginal revenue is greater than marginal cost
Question
Not Answered
Updated 6/16/2012 2:08:52 PM
3 Answers/Comments
This is a tough one. I guess no one knows ;p
Added 6/16/2012 1:21:47 PM
This answer has been flagged as incorrect.
Rated good by sar2000, Flagged by debnjerry
When marginal revenue is greater than marginal cost is the level of output every firm strives for.
Added 6/16/2012 2:07:45 PM
This answer has been added to the Weegy Knowledgebase
sar2000 please only put answers in the answer section, add comments to the comment section. On the other hand, if your comment is not helpful, it is best not to addd it at all.
Added 6/16/2012 2:08:52 PM
15)For which of the following products or services is supply likely to be inelastic in the short term regardless of whether prices rise or fall? (1point)newspapers staples haircuts cargo ships
Weegy: Staples (More)
Question
Expert Answered
Updated 1/13/2016 11:49:06 AM
1 Answer/Comment
Cargo ships is supply likely to be inelastic in the short term regardless of whether prices rise or fall.
Added 1/13/2016 11:49:01 AM
This answer has been added to the Weegy Knowledgebase
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