Answer:
This was most likely caused by a shift in the aggregate supply curve to the left.
Explanation:
a recession is when the economy is declining and this can be caused by declining trade and industrial activity so if Real GDP decreases that means there was a decline in prices and a deflation in the market therefore this can be caused by increases in wages or the value of wages which can cause more consumption in the market and then prices fall, an decrease in physical stock which is like people employed where the cost of producing one more unit increases at a decreasing rate so firms end up not hiring more people.
Answer:
Double Declining Depreciation rate = 1/5*2
Double Declining Depreciation rate = 40%
Double Declining Depreciation for 2021 = $75,000*40%
Double Declining Depreciation for 2021 = $30,000
Book value at December 31, 2021 = $75,000 - $30,000
Book value at December 31, 2021 = $45,000
Sales representatives and brokers should work under a signed labor agreement that may or may not permit broker deductions.
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A broker is a person or business that stands between a potential investor and a securities exchange. Individual traders and investors require the services of exchange members since securities exchanges only accept orders from people or companies who are members of that exchange.
Brokers offer that service and are paid in a variety of methods, including commissions, fees, or payments from the exchange itself. To assist investors in deciding which broker is best for them, Investopedia routinely examines all of the major brokers and keeps a list of the top online brokers and trading platforms.
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Answer:
The description including its given issue is discussed in the following subsections on the explanation.
Explanation:
The opportunity cost asserts that whenever the quantity of a commodity falls, it's as though the earnings of that same purchaser including its good started going up. The substitution hypothesis notes because as the rate of a decent increase, buyers will replace the cheapest good with products that seem to be comparatively more costly.
Throughout the cases of common goods, the substitution effect becomes negative, meaning that even if the alternative price decreases, the market for the same commodity increases.
Income influence also becomes negative throughout the case of typical goods, i.e., unless the cost of healthy food declines, it implies the buying power Rises because.
If Package of Chewing Gum's price drops, the income as well as substitution result would be the following factors:
- Substitution effect: Chewing cost reduces the market for gum even though it is comparatively cheaper nowadays. Moreover, even though chewing gum, as well as a lollipop, become ideal replacements for one another and, it would provide that customer with the same benefit such that the reduction in price would lead to higher demand.
- Income effect: Benefit of income: reduction in Chewing price change would raise the customer's buying ability because for the same earnings, nowadays the customer will afford more.
Currently, the need for chewing would be increasing due to increased customer productive capacity.
Answer:
b. demand in more elastic than the supply.
Explanation:
Elasticity is defines as the measure of responsiveness of quantity demanded and supplied to changes in price.
In a situation where demand is more elastic than supply and tax is imposed, the suppliers can bear more cost due to tax without the quantity changing by much.
On the other hand when taxes are applied if sellers want to move it to buyers that have elastic demand, it will result in a big fall in the quantity demanded.
So the seller's bear the cost in this scenario because demand is elastic and will fall with small price increase.
