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aliya0001 [1]
3 years ago
13

Recently, much of the Western United States experienced drought conditions and water usage was restricted in Denver. Yet, even t

hough most people used less water, the price of water did not drop. When the drought was declared over, the water company raised water prices. However, the residents of Denver did not use less water. Here, water is:__________.
a. price insensitive.
b. price elastic.
c. price inelastic.
d. price sensitive.
e. unitary elastic.
Business
1 answer:
Savatey [412]3 years ago
8 0

Answer: Price inelastic.

Explanation:

In Denver as described in the question the demand for water is price inelastic as it doesn't change regardless of changes in price of water. An item is said to be price inelastic if the demand remains the same regardless of price rise or fall of that item.

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Flint Corporation is subject to a corporate income tax only in State X. The starting point in computing X taxable income is Fede
scZoUnD [109]

Answer:

b. $790,000.

Explanation:

The computation of the taxable income for X purpose is shown below:

Federal Taxable income $750,000  

Add: Deduction for state income taxes non-deductible $50,000  

Less: Interest on federal obligations i.e. deductible $10,000  

Taxable income $790,000  

Hence, option b is correct

7 0
3 years ago
What is the South African government providing and to whom
daser333 [38]

As of May 2016, The Department of Human Settlements has delivered more than 4,3 million houses and subsidies since 1994,  benefiting more than 20 million South Africans.  The Medium Term Strategic Framework sets out their goal of providing over 1,5 million housing opportunities by 2019. They also want to make sure that poor South Africans have access to adequate housing and better living conditions.

6 0
4 years ago
The federal funds rate target is the most frequently used monetary policy tool.
Nikitich [7]
False is correct answer.

Because the federal funds rate target is not the most frequently used their monetary policy tool.

Hope it helped you.

-Charlie
5 0
4 years ago
The three categories of manufacturing costs comprising the cost of work in process are direct labor, direct materials, and: ____
Artist 52 [7]

Answer:

C)) factory overhead

Explanation:

Manufacturing cost can be regarded as the sum of all the costs resources that is been consumed during the process of making a product. manufacturing cost can be classified as;

✓direct materials cost

✓ manufacturing overhead.

✓direct labor cost

It can be regarded as factor in total delivery cost. Direct Material Cost can be regarded as total cost that is incurred in purchasing of raw material and cost of other components such as packaging, as well as freight and storage costs by the company

It should be noted that The three categories of manufacturing costs comprising the cost of work in process are direct labor, direct materials, and factory overhead.

3 0
3 years ago
The largest part of a(n) ______ is its long, glowing tail, a narrow column of dust that may extend for 100 million km.
solmaris [256]
The largest part of a(n) _COMET_____ is its long, glowing tail
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