Question and answer
16. What factor has the greatest influence on elasticity and inelasticity of supply? A. profit B. time C. labor D. financing
Question
Asked 11/5/2013 12:29:00 PM
Updated 3/10/2015 12:22:38 PM
1 Answer/Comment
Flagged by emdjay23 [3/10/2015 12:22:35 PM], Unflagged by emdjay23 [3/10/2015 12:22:36 PM]
Get an answer
Original conversation
User: 16. What factor has the greatest influence on elasticity and inelasticity of supply? A. profit B. time C. labor D. financing

Question
Asked 11/5/2013 12:29:00 PM
Updated 3/10/2015 12:22:38 PM
1 Answer/Comment
Flagged by emdjay23 [3/10/2015 12:22:35 PM], Unflagged by emdjay23 [3/10/2015 12:22:36 PM]
New answers
Rating
3
TIME has the greatest influence on elasticity and inelasticity of supply.

Added 3/10/2015 12:22:38 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [3/10/2015 12:37:56 PM]
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Round 58,291 to the nearest thousand
Question
Not Answered
Updated 12/14/2014 11:35:52 AM
1 Answer/Comment

58,291 to the nearest thousand is 58,000.
Added 12/14/2014 11:35:50 AM
This answer has been confirmed as correct and helpful.
13. What determines the price and the quantity produced of most goods? A. the consumer’s perception of necessity B. the interaction of supply and demand C. the availability of substitutes for the goods D. the quality of the goods that are produced
Question
Not Answered
Updated 1/6/2015 11:12:51 AM
1 Answer/Comment
The interaction of supply and demand determines the price and the quantity produced of most goods.


Added 1/6/2015 11:12:51 AM
This answer has been confirmed as correct and helpful.
Confirmed by sujaysen [1/6/2015 11:29:57 AM]
1. What happens when wages are set above the equilibrium level by law? A. Firms tend to try to break the law and hire people at the equilibrium level. B. Firms employ more workers than they would at the equilibrium wage. C. Firms employ fewer workers than they would at the equilibrium wage. D. Firms hire more workers but for fewer hours than they would at the equilibrium wage.
Question
Expert Answered
Updated 3/10/2015 1:02:12 PM
1 Answer/Comment
When wages are set above the equilibrium level by law: firms employ fewer workers than they would at the equilibrium wage.


Added 3/10/2015 1:02:12 PM
This answer has been confirmed as correct and helpful.
Confirmed by sujaysen [3/10/2015 2:45:16 PM]
3. A shortage will develop when A. the quantity supplied of a good is greater than the quantity demanded of that good. B. the equilibrium quantity supplied is lower than the actual quantity supplied. C. the government provides subsidies to producers. D. the market price is below the equilibrium price.
Question
Expert Answered
Updated 351 days ago|10/3/2017 7:44:59 AM
2 Answers/Comments
A shortage will develop when: the quantity supplied of a good is greater than the quantity demanded of that good.
Added 351 days ago|10/3/2017 7:34:26 AM
This answer has been flagged as incorrect.
Flagged by Masamune [10/3/2017 7:45:02 AM]
A shortage will develop when the market price is below the equilibrium price.
Added 351 days ago|10/3/2017 7:44:59 AM
This answer has been confirmed as correct and helpful.
27,352,318
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
Multiply (2x + 8)(4x + 7).
Weegy: 3(4x + 2x) = 8; User: Multiply (2m + 3)(m2 – 2m + 1).
9/10/2018 6:41:43 AM| 2 Answers
What are the means of the following proportion? 3/15 = 12/60 ...
Weegy: The extremes of the proportion 3/15 = 12/60 are 3 and 60.
9/17/2018 12:13:43 PM| 2 Answers
The Operations Section Chief: A. Coordinates communication between ...
Weegy: The Operations Section Chief: Directs tactical actions to achieve the incident objectives. User: Depending ...
9/13/2018 11:17:02 AM| 2 Answers
S
L
Points 1077 [Total 1388] Ratings 14 Comments 937 Invitations 0 Offline
S
R
L
R
P
R
P
R
R
R
R
Points 412 [Total 1296] Ratings 3 Comments 292 Invitations 9 Offline
S
L
R
P
R
P
R
P
R
Points 351 [Total 1126] Ratings 3 Comments 291 Invitations 3 Offline
S
L
P
P
P
Points 312 [Total 1188] Ratings 0 Comments 312 Invitations 0 Offline
S
L
R
Points 34 [Total 151] Ratings 0 Comments 34 Invitations 0 Offline
S
Points 33 [Total 33] Ratings 1 Comments 23 Invitations 0 Offline
S
Points 18 [Total 18] Ratings 0 Comments 18 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
L
1
R
Points 2 [Total 1453] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.