The graph shows the price of green tea compared to the amount supplied by producers. What does this graph suggest about green tea? choose two answers. Green tea is elastic in terms of supply. Green tea is inelastic in terms of supply. Green tea is neither elastic nor inelastic. The supply of green tea changes sharply with the price. The supply of green tea does not change sharply with the price.

Question

04-02-2022
SAT

Answered

Get the information you need with the help of IDNLearn.com's expert community. Discover reliable and timely information on any topic from our network of experienced professionals.

The graph shows the price of green tea compared to the amount supplied by producers. What does this graph suggest about green tea? choose two answers. Green tea is elastic in terms of supply. Green tea is inelastic in terms of supply. Green tea is neither elastic nor inelastic. The supply of green tea changes sharply with the price. The supply of green tea does not change sharply with the price.

Sagot :

We are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Your questions deserve accurate answers. Thank you for visiting IDNLearn.com, and see you again for more solutions.

How Were The Actions Taken By Presidents Ford And Carter To address The Country’s Economic downturn Similar? How Did They differ?

At A Local Fitness Center, Members Pay A $12 Membership Fee And $5 For Each Aerobic Class. Nonmembers Pay $6 For Each Aerobic Class. For What Number Of Aerobics

A Square With Side Length S Has An Area Of 324 Square Centimeters. This Equation Shows The Area Of The Square: S^2= 324. What Is The Side Length Of The Square I

Which Of These Religious Beliefs Is Most Closely Related To The Plot Of Christopher Marlowe's The Tragical History Of Doctor Faustus?

How Is The Underlined Pronoun Used In The Sentence? Plz Help Me On This .And The Letter I Is The Underlined Pronoun. The Person Who Answered The Phone Was I. A.

How Do Hamlet's Words To The King Communicate The Theme Of Death And Life In This Passage? The Human Spirit Can Triumph Over Death. Life And Death Form An Endle

What Is An Old Chinese Belief Concerned With Tadpoles?

Which Sentence Uses Commas Correctly? A. Please Deliver The Signed Application To 1417 Corporate Boulevard, Baltimore, Maryland, By Monday, March 12. B. We Will

What Does An A Really Good Introduction Need To Include?

Tickets To The Museum Cost $18 For Adults And $12 For Children. A Group Of 20 People Went To The Museum, And The Tickets Cost $324. The System Of Equations Mode

Lanuelidn Lanuelidn · Answer 1 · 2022-02-17T07:03:49-05:00

The information which can be deduced from this graph on green tea are:

B. Green tea is inelastic in terms of supply.

E. The supply of green tea does not change sharply with the price.

What is supply?

Supply can be defined as the total quantity of goods or services that are demanded by consumers at a given period of time.

The types of supply.

In Economics, there are two main types of supply and these include:

Elastic supply

Inelastic supply

What is inelastic supply?

Inelastic supply is a situation that occurs when the quantity of goods or services that the producers are willing to produce, doesn't change as the price of goods or services increases.

Read more on supply here: https://brainly.com/question/11898489

Sagot :

What is supply?

The types of supply.

What is inelastic supply?

Other Questions