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3 years ago

What would happen to autonomous consumption if household debt fell and the interest rate rose over the same time period?

1 answer:

4 0

The autonomous consumption is lessened as the person tends to spend cash lured by higher interest amount. It is made by expenses of the household part that are not greatly affected by the level of salary or manufacture. This is one of two basic classifications of consumption. Another one is that it will bring consumption, expenses consumption that are created on the level of salary or manufacture.

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The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below.

Arlecino [84]

Answer:

Date Accounts Titles & Explanation Debit Credit

Dec 31 Rent Expense $2,040

($6,120 *2/6)

Prepaid Rent $2,040

Dec 31 Deferred Revenue $525

Service Revenue $525

Dec 31 Salaries Expense $700

Salaries Payable $700

Dec 31 Supplies Expense $2,390

($3,100 - $710)

Supplies $2,390

Demon Deacons Corporation

Adjusted Trial balance

December 31, 2021

Accounts Debit$ Credit$

Cash 9,100

Account receivable 14,100

Prepaid rent 4080

Supplies 710

Deferred revenue 1,575

Salaries payable 700

Common stock 11,000

Retain earnings 5,100

Service revenue 45,245

Salaries expenses 31,200

Rent expenses 2,040

Supplies expenses 2,390

Total $63,620 $63,620

Prepaid rent = 6,120 - 2,040 = 4080

Supplies = 3100 - 2390 = 710

Deferred revenue = 2,100 - 525 = 1575

8 0

3 years ago

If the price of good X rises and the demand for good X is inelastic, then the percentage fall in quantity demanded is __________

Dominik [7]

If the price of good X rises and the demand for good X is inelastic, then the percentage fall in quantity demanded is greater than the percentage change in price, and total revenue falls.

Demand elasticity, often known as the elasticity of demand, gauges how consumers react to changes in price or income. Due to the fact that the price of a good or service is the most typical economic component used to measure it, it is frequently referred to as price elasticity of demand.

The whole amount of money a seller can make by providing goods or services to customers is known as total revenue. The formula for this is P $\times$ Q, or the purchase price times the quantity of the products sold.

Learn more about elasticity of demand here brainly.com/question/24384825

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6 0

1 year ago

In the process of brainstorming his goals, Robert realized his Web business was more about money than creativity. His decision t

Rasek [7]

From what I understand here, it is the company that will be creating the 5000 monthly income. This is an example of a specific measurable goal since the goal of Robert is to make sure that the monthly net income of his company would reach at least 5000. Since he is the boss of his company, this is also probably his personal mission for his company so that he will be motivated to keep on bringing his company to better heights. This will also probably motivate his employees to work harder as well.

4 0

3 years ago

Read 2 more answers

If the demand curve for a life-saving medicine is perfectly inelastic, then a reduction in supply will cause the equilibrium pri

never [62]

Answer:

If the demand curve for a life-saving medicine is perfectly inelastic, then a reduction in supply will cause the equilibrium price to rise and the equilibrium quantity to stay the same.

Explanation:

Perfectly inelastic demand curve indicates the quantity demanded for the life-saving medicine remains the same or does not change in response to a change in price.

Since a part of the law of supply states that the lower the quantity supplied, the higher the price; a reduction in the supply of the life-saving medicine will increase its price.

The combining effect of the two above will lead to an increase in the equilibrium price while the equilibrium quantity will remain the same as it will not respond to the change in price.

The attached graph explains this more clearly. In the graph, the demand curve DD is used to represent the perfectly inelastic demand curve for the life-saving medicine. Therefore, the quantity remains at q no matter the changes, either increase or decrease, in price. Movement from the supply curve S1 to S2 indicates a reduction in supply of the life-saving medicine which causes an increase in the equilibrium price from Po to P1 while the equilibrium quantity stays at q.

This therefore shows that if the demand curve for a life-saving medicine is perfectly inelastic, then a reduction in supply will cause the equilibrium price to rise and the equilibrium quantity to stay the same.

8 0

3 years ago

Prepare a 2019 individual tax return using the following fact pattern. Compute net tax payable or refund due for Alice and Bruce

Lana71 [14]

Answer:

Oof thats a long question.

Explanation:

4 0

2 years ago