Answer:
C) 0.9.
Explanation:
The calculation of the price elasticity of demand is shown below:
Price elasticity of demand is
= (Change in quantity demanded ÷ average of quantity demanded) ÷ (Change in price ÷ average of price)
where,
q1 = 11
q2 = 9
p1 = $100
p2 = $125
So,
= {(9 - 11) ÷ (9 + 11) ÷ 2} ÷ {($125 - $100) ÷ ($125 + $100) ÷ 2 }
= {-2 ÷ 10} ÷ {25 ÷ 112.5 }
= -0.9
= 0.9
Test of controls is when you test controls surrounding a financial process . Substantive test are performed when one tests assertions surrounding a balance.
Answer:
The correct answer is the circular flow model.
Explanation:
The circular flow model shows the movement of resources between different sectors in the economy. The firms or business hire factors of production from the households. In return, they make factor payments. They use these factors to produce goods and services. The households purchase these goods and services and pay by their factor incomes.
The government sector charges taxes from households and businesses and provides goods and services in return. The government also hires factors of production and make factor payments. It also purchases goods and services from the businesses and pays for it.
----------------------,,,,<em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em>
Here is how to solve this:
$20 - $4= $16 = numerical expression.
Hope this helped!
