Answer:
The correct answer is option A.
Explanation:
In the study of economics, all the available resources are considered to be scarce. But the shortage is referred to the situation in the market where the quantity demanded is more than the quantity supplied at the current market price.
If the quantity supplied is more then the situation is referred to as surplus. Equilibrium is achieved when both quantity demanded and supplied are equal.
Answer:
1) 19.23/Positive
2) Normal
Explanation:
In order to calculate the income elasticity of a product we will have to measure the percentage change in income and the percentage change in quantity purchased of that product cause by the change of income.
Percentage change income = (83,000-77,000)/77,000= 7.8%
Income increased by 7.8%.
Percentage change in purchase of movie downloads= (55-22)/22= 150%
So a 7.8% increase in income increases the purchases by 150%, in order to calculate the income elasticity we will divide 150 by 7.8
150/7.8=19.23
Income elasticity = 19.23
Because the income elasticity is positive we can infer that movie downloads are normal goods because the quantity purchased increases when income increases.
Answer:
attached below is the indifference curve
Explanation:
The indifference map attached shows the Great woman's preference for coconut water as a neuter good and beef as an economic good
as per instruction given in the question the Y axis represents the preference for beef, since coconut being a neuter good, the indifference curve will be a straight line .
note : movement along the y axis is in the upward direction.
Answer:
The Source Documents include:
Sales ticket
Telephone bill
Invoice from supplier
Bank statement
Explanation:
Source documents are the original documents through which business transactions are initiated. They include receipts, bills, invoices, statements, checks, etc. They usually document or initiate a transaction. Any time a business spends or receives money or enters into a contract with another party, a source document is created. Source documents form an integral part of the accounting and bookkeeping process, and auditors need them to trace records to the underlying transactions.
The flexible strategy is used to avoid the delay in assessing the external constraints.
The following information regarding accessing external constraints:
- It could be thrust upon an organization.
- It permits for uncovering the things that are beyond the control.
- The example involved national holidays or sick leaves.
If we accessing the external constraints so the delay could be avoided.
So, The other options seem incorrect
Therefore we can conclude that the flexible strategy is used to avoid the delay in assessing the external constraints.
Learn more about the external constraints here: brainly.com/question/17156848
