A trade deficit<span> occurs when a country has imports that exceed exports. ... It is expected that a fast-</span>growing<span> economy would pull in more imports as it expands to allow its residents to consume more than the country can produce. So, in some cases, a </span>trade deficit<span> could signal a </span>growing<span> economy.
This should Help :)</span>
Answer: Option B. Unit-elastic
Explanation: Using the midpoint formula, we have:
% change in Price = P2 - P1 ÷ (P2 + P1)/2
We have:
P1 = $7.50
P2 = $9.00
Therefore:
% change in Price = 9.00 - 7.50 ÷ (9.00 + 7.50)/2
= 1.5 ÷ 8.25
= 0.18
To calculate % change in quantity, we have:
% change in quantity = Q2 - Q1 ÷ (Q2 + Q1)/2
Q1 = 48 lbs
Q2 = 40 lbs
We have:
% change in quantity = 40 - 48 ÷ (40 + 48)/2
= -8 ÷ 44
= -0.18
To calculate price elasticity of demand, we have:
% change in quantity/% change in Price
= -0.18/0.18
= -1
Therefore the price elasticity of demand is -1 and the implication of this is that the demand for pistachio nuts is Unit-elastic. Option B.
This means that as price increases, demand drops.
Answer and Explanation:
The journal entry is shown below:
Cash Dr $78,000
To Common stock $78,000
(Being the common stock is issued)
According to the given situation, the journal entry for issuance of the stock is presented above and the same is to be considered. The cash account is debited and shown on the debit side while the common stock is credited and the same shown on the credit side
BCG matrix is a framework created by Boston Consulting Group to evaluate the strategic position of the business brand portfolio and its potential. It classifies business portfolio into four categories based on industry attractiveness (growth rate of that industry) and competitive position (relative market share
Answer: 117370, No,
Explanation:
The opportunity cost of interest forgone at the start of the year will be:
1173700 × 0.10 = 117,370.
The attached documents contain a thorough explanation to the question.