Ask Question
BusinessBusiness
1 August, 00:14

If productivity increases significantly and demand is not very elastic, what is likely to happen? A. The number of consumers will increase. B. Fewer workers will be needed. C. Division of labor will decrease. D. Demand will increase.

+5
Answers (2)
  1. 1 August, 00:21
    0
    Letter B. Fewer workers will be needed.

    Explanation:

    Increased productivity means increased production per worker. If productivity increases, that is, the worker becomes more productive, there will be more goods produced per worker. In this case, as demand is not very elastic, it means that demand is not very sensitive to falling prices, so fewer workers will be required to supply the same amount of product.
  2. 1 August, 00:28
    0
    The correct answer wiuld be B. Fewer workers will be needed
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If productivity increases significantly and demand is not very elastic, what is likely to happen? A. The number of consumers will increase. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Alex files a petition for bankruptcy under Chapter 7. He owes $2.37 million to assorted creditors. Two months before filing, he sold his beach house, which was valued at $600,000, to his brother Jonah for $150,000.
Answers (2)
Which of the following is not a fee that affects the total cost of leasing a car? a. principal charge b. total down payment c. residual value of the car d. documentation and registration fees
Answers (1)
Twenty-First Century Fox, Inc. is one of the world's largest entertainment companies that includes Twentieth Century Fox films, Fox Broadcasting, Fox News, the FX, and various satellite properties.
Answers (1)
Why do many business owners avoid market research? Question options: They're afraid of hearing any negative feedback. They don't know how to do it. They're unwilling to take the time. They're shy.
Answers (2)
Tom tries to sell his classic car to Victoria for $12,000. Tom tells Victoria, "I paid $12,000 for the car in 1978 and it's worth twice that today." Tom really paid $8,000 for the car in 1978.
Answers (1)
New Questions in Business
A firm realizes that the market price has fallen below its average total costs, and it is now earning a loss. what is the best action for the firm to take in the short run?
Answers (1)
Fixed expenses: a. includes labor, raw materials, and commissions. b. can be estimated by taking into consideration the production. c. are incurred regardless of sales volume. d. must be linked to strategy in the business plan
Answers (1)
4) Which of the following is least likely to be your primary health care provider? a. an allergist b. an internist c. an obstetrician-gynecologist
Answers (1)
T/F A macroeconomist would be concerned with the following statement. "Two major hurricanes caused significant damage to the eastern seaboard and led to a fall in GDP and a rise in unemployment in the U. S. economy."
Answers (1)
At the beginning of the year, Mitchum Enterprises allows for estimated uncollectible accounts of $14,000. By the end ofthe year, actual bad debts total $15,000. Record the write-off to uncollectible accounts.
Answers (1)
Home » Business » If productivity increases significantly and demand is not very elastic, what is likely to happen? A. The number of consumers will increase. B. Fewer workers will be needed. C. Division of labor will decrease. D. Demand will increase.
Sign Up Forgot Password?