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makkiz [27]
1 year ago
3

When demand is price elastic, a fall in price causes total revenue to rise because:_________

Business
1 answer:
Akimi4 [234]1 year ago
8 0

When demand is price elastic, a fall in price causes total revenue to rise because <u>the increase in quantity sold is large enough to offset the lower price.</u>

Rate elasticity of call for is the ratio of the proportion exchange in the amount demanded of a product to the share trade-in price. Economists rent it to understand how to deliver and call for trade while a product's rate adjustments.

Elastic demand is used to explain the scenario in which the alternate in demand is touchy to a small exchange in charge. as an example, if we see a massive trade in the price of Lays chips, clients are much more likely to shift to a distinctive logo, driving the call for down and vice versa.

The 4 elements that affect price elasticity of call for are the availability of substitutes if the coolest is a luxury or a need,  the percentage of profits spent on the good, and how a great deal of time has elapsed for the reason that time the fee modified. If income elasticity is nice, the best is normal.

Learn  more about elastic here brainly.com/question/5078326

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Answer and Explanation:

The journal entry to record the impairment is as follows:

Loss on impairment of equipment $223,000 ($583,000 - $360,000)  

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Here the loss would be debited as it increased the losses and accumulated depreciation is credited as it decreased the assets

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ashley enters a formula in a cell in a spreadsheet and presses enter but instead of the answer, she sees b2 b3/c5. what mistake
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The correct answer to this question is "she forgot to start with the equals sign." <span>Ashley enters a formula in a cell in a spreadsheet and presses enter but instead of the answer, she sees b2 b3/c5. The mistake that she make is that </span><span>she forgot to start with the equals sign.</span>
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the time period during which production processes increase volume in order to meet customer demands while coping with quality pr
lutik1710 [3]

The time period during which production processes increase volume in order to meet customer demands while coping with quality problems and​ last-minute design changes is called ​ramp-up.

Production is the technique of making or producing goods and products from uncooked substances or components. In different phrases, production takes inputs and uses them to create an output that is in shape for consumption – a good or product that has a fee to a cease-person or purchaser.

Production is the procedure of making, harvesting, or growing something or the quantity of something that becomes made or harvested. An instance of manufacturing is the creation of furniture. An instance of manufacturing is harvesting corn to devour. An instance of manufacturing is the amount of corn produced.

Manufacturing is one of the maximum critical tactics inside production and is a core part of what it means to be a manufacturer. Without this hobby, no finished items might be created, and there might be nothing to promote to clients.

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5 0
1 year ago
The social ethic that prevailed in late nineteenth-century America stressed that
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Answer:

c. economic success was available to anyone who worked hard.

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In the late nineteenth-century (the year subsequent to the civil war 1865 to 1900)

The american society didn't not have a caste or royal society with nobles or lord like English, French or Germans did.

They were all under the impression that the american dream could be ahcieve with hard work besides, pretty much all the people living in the US during that time were inmigrants or sons of inmigrants thus, there wans't an stablished order all was here for the taken.

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