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Thepotemich [5.8K]
2 years ago
12

_____________ measures how changes in price affect the quantity of product demanded.

Business
1 answer:
Margaret [11]2 years ago
5 0

Price elasticity of demand measures how changes in price affect the quantity of product demanded. A good or service's price elasticity of demand is calculated by dividing percentage change in the amount sought by percentage change in the price.

The ratio of the percentage change in quantity supplied to the percentage change in price is  price elasticity of supply. A good or service's price elasticity of demand is calculated by dividing percentage change in  amount sought by the percentage change in price.

The ratio of percentage change in quantity supplied to percentage change in price is  price elasticity of supply.

To learn more about price elasticity, click here

brainly.com/question/13691796

#SPJ4

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Mary worked on the assembly line at an automobile assembly plant. People weren't buying as many cars, and she was laid off. How
ahrayia [7]

We will classify Mary as been cyclically unemployed because she is unemployed due to the economic downturn.

Basically, the cyclical unemployment is the unemployment experience as a result of economic upturn and downturn.

The cyclical type of unemployment are mostly experienced during economic recessions.

It is obvious that people were not buying as many cars because of economic downturn.

Therefore, in conclusion, we will classify Mary as been cyclically unemployed because she is unemployed due to the economic downturn.

Learn more about this here

<em>brainly.com/question/8865266</em>

7 0
3 years ago
A company uses the weighted-average method for inventory costing. At the end of the period, 22,000 units were in the ending Work
ExtremeBDS [4]

Answer:

a.The ending work in process inventory is $ 146,575

Explanation:

To determine the ending work in process inventory, we need to do the following computations:

No of units in ending inventory                                    22,000 units

Material cost in ending inventory

22,000 units * 100 % (completion) * $ 2.65                     $ 58,300  

Conversion costs in ending inventory  

22,000 units * 75 % (completion) * $ 5.35                      <u> $ 88,275</u>

Total value of Ending work in process inventory        <u> $ 146,575</u>

7 0
3 years ago
Christopher has a collection of 20 video games and will buy 4 more each month. Peter has a collection of 92 video games and will
Anton [14]

Answer:

It would be 8 months and they each would have 52 games.

Explanation:

8 0
2 years ago
Felicia is very warm and accepting to both of her two children, but she also sets firm rules that the children must follow with
Ipatiy [6.2K]

Answer:

Responsive and demanding

Explanation:

according to Baumrind, there are four parenting styles :

Authoritative

authoritarian

permissive

Neglectful

Parenting behaviour are divided into two dimensions :

demandingness - when a parent controls their child's actions

Responsiveness - refers to the extent to which the parent accepts and recognises their child's needs

7 0
3 years ago
EB13.
Harman [31]

Answer:

Journal entries to record the expenses incurred are given below.

Debit Factory Overhead Control Account      $ 1300

Credit Utilities bills account                              $  700

Credit Accumlated factory depreciation          $  400

Credit property tax payable                              $  200

Journal entries to record the allocation of overhead at the predetermined rate of $1.50 per machine hour are given below.

Debit WiP process account                                 $ 525

Credit Factory overhead applied account          $ 525

(1.5 * 350 (machine hours))

5 0
3 years ago
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