Answer:
Supply side is the view point of the Firms or the Businesses.
Explanation:
As the law of demand deals with the consumers side, the law of supply deals with the suppliers or the firms/businesses.
this tries to explain the factors that affect the supply, such as the prices of the substitutes and complements, the price of a commodity itself, taxes, government subsidies, technological influences, etc...
in this question, the 1st option, consumer is wrong. However, in certain situations, Government can be acted as a "supplier" (if there is a government monopoly on the supply of a good or a service", and government is a heavy influencer of supply through the implementaion of taxes and subsidies!
The statement above is true. Forecasting is the utilization of notable information to decide the heading of future patterns. Organizations use estimating to decide how to apportion their financial plans or plan for expected costs for an up and coming timeframe. This is regularly in view of the anticipated interest in the products and ventures they offer.
Answer:
Cash payments for income tax = $165000
so correct option is C. 165,000
Explanation:
given data
Income tax = $175,000
beginning tax payable = $30,000
end of the year tax payable = $40,000
to find out
Cash payments for income tax reported on the statement of cash flows
solution
we get here Cash payments for income tax that is express as
Cash payments for income tax = Income tax + beginning tax payable - end of the year tax payable ..............................1
put here value we get
Cash payments for income tax = $175000 + $30000 - $40000
Cash payments for income tax = $165000
so correct option is C. 165,000
Answer:
The correct answer is that the company should <u>charge more to the business travelers</u> and <u>charges less to the vacationers</u>.
Explanation:
To begin with, the concept called ''elasticity'', in the field of economics, refers to the variation that occurs when a change in one variable affects a change in another variable. Moreover, this concept has many applications regarding if the main subject is the supply of a product or the demand of a product.
Secondly, the <em>price elasticity of demand</em> is an elasticity application in economics that establishes the changes that occur to the demand of a product when the price changes. This elasticity could be inelastic or elastic. In addition, if the price elasticity of demand is inelastic then when the price changes the quantity demanded of that product will not change drastically while in the other hand, if the price elasticity of demand is elastic then when the price changes the quantity demanded of that product will change drastically so therefore the consumers reject the change in the price.
Finally, if the company wants to increase its total revenue then it must increase the price that charges to the business travelers and decrease the price that charges to the vacationers.
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