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VMariaS [17]
3 years ago
12

The relationship between the price of a good or service and the quantity demanded of that good or service described by the law o

f demand is
Business
1 answer:
Klio2033 [76]3 years ago
8 0

This relationship described between the price and the quantity demanded is known as the <u>Price Elasticity of Demand (PED). </u>

<h3>What is the Price Elasticity of Demand?</h3>
  • It is a measure that shows the relationship between the price of a good and the quantity demanded of it.
  • Shows how sensitive quantity demanded is to a change in price.

When the PED is less than 1, it means that a change in price doesn't affect the quantity demanded as much. When it is more than 1, a change in price will lead to an even higher change in quantity demanded.

In conclusion, this is the Price Elasticity of Demand.

Find out more on PED at brainly.com/question/9235198.

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______ refers to the shift toward economic international integration.
VARVARA [1.3K]
Globalization is the shift toward international integration :)
7 0
2 years ago
Polo Publishers purchased a multi-color offset press with terms of $40,000 to be paid at the date of purchase, and a noninterest
Ivanshal [37]

Answer:

$150,876.91  

Explanation:

To calculate, the present value of an ordinary annuity formula is used as follows:

PV = P × [{1 - [1 ÷ (1+r)]^n} ÷ r] …………………………………. (1)

Where;

PV = Present value of the payments =?

P = yearly payment = $30,000

r = interest rate = 11% = 0.11

n = number of years = 5

Substitute the values into equation (1) to have:

PV = $30,000 × [{1 - [1 ÷ (1+0.11)]^5} ÷ 0.11] = $110,876.91

Amount to record = $40,000 + $110,876.91 = $150,876.91  

3 0
3 years ago
Silicon Valley in California is the world center for the computer and semiconductor industry and has many of the world's major c
laila [671]

Answer:

The correct answer is D. externalities.

Explanation:

An externality is defined as that situation or group of situations that determine that a service good is not reflected at its real market price. In this example, the computer industry is so close that they do not know for sure the benefits they have when offering their goods, and it becomes an advantage in the sense that due to its close location it is possible to establish agreements to manage prices and not enter into direct market competition.

7 0
3 years ago
Xtra Company purchased a business from Argus for $96,000 above the fair value of its net assets. Argus had developed the goodwil
vaieri [72.5K]

Answer:

c. goodwill is not amortized

Explanation:

The answer to this question is simply option c. Goodwill is not amortized

The reason for this is that the goodwill is accrued as a result of an entity paying more for an asset they acquired than what is supposed to be their fair value, putting its brand value into consideration. The Amortization of Goodwill is not something that is permitted . In order for a better accounting, the valuation of goodwill of entity should be done yearly so as to determine an impairment whenever it is required.

7 0
3 years ago
If 11,000 units are produced, what are the total amounts of direct manufacturing costs incurred to support this level of product
kvv77 [185]
Use the fixed manufacturing overhead, 4.00 and the variable manufacturing $1.50 to find the answer.

$4.00(10,000units)= $40,000


$40,000+ ($1.50 * 11,000)= $56,500
3 0
3 years ago
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