Answer:
more
Explanation:
we know that here Price Elasticity of demand is express as
Price Elasticity of demand = PercentageChange is quantity demanded ÷ PercentageChange in price ...........................1
so that, Demand for gasoline is more elastic in the long run than in the short run because in the long run people can change their preferences and choices.
Answer:
exporting
Explanation:
The exporting refers to the trade in which the goods and services are produced and sold to the another country. In this, the person who sells the goods and services is known as exporter while the foreign buyer who buyed the goods and services is known as importer
According to the given situation, the company is looking for growth opportunities and it is a fairly small company. Moreover it focused on exporting the goods and services
Hence, the option C is correct
Answer:
D. $511,920
Explanation:
For determining the estimated manufaturing overhead first determined the predetermined overhead which is shown below:
= (Actual manufacturing overhead - underapplied overhead) ÷ (actual direct labor hours)
= ($506,920 - $23,440) ÷ (20,400 hours)
= $23.7
Now the estimated manufacturing overhead is
= $23.7 × 21,600 hours
= $511,920
Those shops which are located in the mid of the mall and operated from there are called as Mall Koisk.
<u>Full Question:</u>
From July 2015 July 2015 to October 2015, business inventories decreased by $3 billion. *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis.
Can we tell from this information whether aggregate expenditure was higher or lower than GDP during this quarter? If not, what other information do we need?A. Aggregate expenditure was equal to GDP in this quarter. B. There is not enough information to determine the relationship between aggregate expenditure and GDP. C. Aggregate expenditure was less than GDP in this quarter. D. Aggregate expenditure was greater than GDP in this quarter.
Aggregate expenditure was greater than GDP in this quarter.
<h3><u>
Explanation:</u></h3>
The values of all the goods and services in a country at a certain period of time determines the GDP of that country. It is the monetary values of these finished goods and services. GDP helps any country in the determination of the growth rate of that country economically. The monetary values associated with the income, expenditures and the production helps in the GDP calculation.
The summation of all the expenditures of the economy by the factors during a certain time period is the aggregate expenditure. Aggregate expenditures can be calculated by the summation of C, I ,G,NX. From the give data we can conclude that Aggregate expenditure was greater than GDP in this quarter.
