Answer:
Elasticity is more than One (Ed > 1): When demand is elastic, a fall in the price of a commodity results in increase in total expenditure on it. On the other hand, when price increases, total expenditure decreases. It means, in case of highly elastic demand, price and total expenditure move in the opposite directions.
Explanation:
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An economic community is a set of countries organized to work towards commonplace goals inside the law of international trade.
International trade is the trade of goods and services among nations. trading globally gives clients and countries the opportunity to be uncovered to items and services no longer to be had of their very own nations, or extra highly-priced regionally.
International trade is known as the exchange or alternate of products and services between exclusive nations. This type of change contributes to and will increase the sector economy. The maximum usually traded commodities are tv units, garments, machinery, capital goods, food, uncooked cloth, and so forth.
Popular worldwide change fashions universally do not forget maximizing the supply of less expensive items as the objective of worldwide change. They then cross on to expose that price lists and different impediments to exchange reason for a loss of monetary performance.
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<span>To calculate the number of people for whom to provide supplies for (B) you need to subtract the number of people who brought their supplies (P) from the overall number of people (72).
B=72-P</span>
Here is the answer. When journalizing a transaction, and a short explanation is written, this is called a MEMORANDUM. This is <span>a form on which a brief message is written describing a transaction. Hope this answers your question. Have a great day!</span>
Answer:
The separate-entity assumption
Explanation:
The separate-entity assumption is a principal in accounting according to which the financial transactions of a business and the personal expenses of the owners is to kept separate from each other. The expenses derived solely for the business is only to be counted under the expenses of the company. Inclusion of any personal expenses of the owner or any partner of the business is prohibited under this principal.
In the given excerpt, the owner of Shady Grove Company had violated the separate-entity assumption by including the expenses of his personal items under the name of the Company.