Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. “changes in demand have different effects on

“Changes in demand have different effects on profit over different time horizons (short run versus long...

50.1K

Verified Solution

Question

Economics

“Changes in demand have different effects on profit overdifferent time horizons (short run versus long run)”. Explain thisphenomenon using an example of a demand increase or a demanddecrease.

Answer & Explanation Solved by verified expert
3.6 Ratings (637 Votes)
1 Suppose theres an increase in demand for Cricket bats in the market and in order to produce and meet the short term demand the manufacturers will be able to induce more labour and raw materials to meet the    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

10-year corporate bond has a coupon rate of 6% with semi-annual payments. If interest rates rise...

Finance
Q

Reflect on the Great Commission Jesus gives to the Apostles. How might the Great Commission/Biblical Worldview...

Psychology
Q

Rising Edge Detector: The rising-edge detector is a circuit that generates a short one-clock-cycle tick when...

Electrical Engineering
Q

How does Apple Inc. leverage international strategies?

General Management
Q

An electron accelerated application magnitude E The magnitude of the rate of change of its...

Physics
Q

4 ft 6 ft

Basic Math
Q

If f t n s 49 7 ds then f t 1 8

Calculus
Q

Find a polynomial with real coefficients of the specified degree that has the given zeros.Degree...

Algebra
Q

Which of the following equations has no solution O 5x 20 7x 7 3 x...

Algebra
Q

Enter the coordinates of the point on the unit circle at the given angle 225...

Algebra
Q

Rosa Co. expects the following results for the next accounting period: Sales $242569 Variable costs...

Accounting
Q

Using the data below, estimate the direct labor costs per unit for 2021

Accounting