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  • Explain Why Buffet Is A Perfectly Elastic Product

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    Belle Bellybelle
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    Buffet is a perfectly elastic product because its supply does not change based on price. The demand curve shifts rightward from D1 to D2, representing a decrease in demand. Factors leading to an almost perfectly elastic supply of excellent nurses would include high wages, good working conditions, and opportunities for career growth.

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    Quiz1 (Finance)

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    Buffet is a perfectly elastic product because its supply does not change based on price. The demand curve shifts rightward from D1 to D2, representing a decrease in demand. Factors leading to an almost perfectly elastic supply of excellent nurses would include high wages, good working conditions, and opportunities for career growth.

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    3 views1 page

    Explain Why Buffet Is A Perfectly Elastic Product

    Uploaded by

    Belle Bellybelle
    Buffet is a perfectly elastic product because its supply does not change based on price. The demand curve shifts rightward from D1 to D2, representing a decrease in demand. Factors leading to an almost perfectly elastic supply of excellent nurses would include high wages, good working conditions, and opportunities for career growth.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    1. Explain why buffet is a perfectly elastic product.

    2. 250,000 150,000 100,000 0 10 20 S2 30 40 50 D2 60 D1

    a. Explain the rightward shift of the demand curve from D1-D2 (wide magnitude). b. Explain the factors that would lead to almost perfect elastic supply of excellent nurses (S2)

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