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pishuonlain [190]
4 years ago
6

If total revenue goes up when the price falls, demand is said to: be price unit-elastic. have positive price elasticity. be pric

e-inelastic. be price-elastic.
Business
1 answer:
Sholpan [36]4 years ago
7 0
The answer to this item is letter <em>C. PRICE ELASTIC. </em>

The price elastic demand as stated in this given corresponds to the increase or rise in the total revenue when the price is brought down or decreased. This is indicated by the PED (price elasticity of demand).

The total revenue is calculated by multiplying the total items, good, or services sold by the unit price. For the demand which is price elastic, the decrease in the price will cause a higher raise in the number of customer vying for the products and services. 
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Answer:

The correct answer is C

Explanation:

Demand for business products is referred to as the derived demand, which means that the firm or business bought the products to be used while producing the products of customer.

And a small decrease or increase in the demand of the consumer could produce the larger change in the demand for the manufacturing equipment and facilities required to make the product for consumer.

So, the needs of the customer states that the demand for the business product is derived.

8 0
3 years ago
When a businesss purpose is to benefit the general public, the business is called a
grigory [225]

Answer:

Non profit organization

Explanation:

Non profit organizations do not cost anything and generally help the public in some way.

4 0
3 years ago
Pennsylvania Company supplied the following information:
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Answer:

$12,620

Explanation:

Cost of Direct materials of Job 99 = $70 x 100 = $7,000

Cost of Direct labour of Job 99 = $5 x 100 = $5,000

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Total job cost for Job 99 = 7000 + 5000 +620 = $12,620

6 0
3 years ago
You've worked out a line of credit arrangement that allows you to borrow up to $60 million at any time. the interest rate is .58
Komok [63]
I am darn sin totally positive the answer is big fat B. For lovely bravo
8 0
4 years ago
Read 2 more answers
Received a $3,000.00 check from Pacific Stores. The check pays $3,061.22 of the Dec. 3 sale on account, S395, less 2% discount.
Sunny_sXe [5.5K]

Answer:

Accounts Receivable Credit- $3061.22

Sales Discount Debit- $61.22

Cash Debit- $3000

Explanation:

5 0
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