Answer: b. Set higher prices to the students as their demand is relatively more inelastic.
Explanation:
Price elasticity of demand measures the change in quantity demanded to changes in price levels.
If demand is inelastic, a small change in price has a small effect on quantity demanded. An inelastic demand usually has a coefficient of less than 1.
The elasticity of demand for students and senior citizens are both inelastic but that of the students is greater than that of senior citizens. They are less responsive to price changes when compared with senior citizens.
The answer is letter e. A Very high percentage (around 80
percent). Around eighty percent of breaches are caused by stolen passwords.
Passwords can be stolen by hackers in many ways, especially if they are common,
so it would be best to update your password regularly and make sure that your
password is secure and hard.
Answer:
$2,664
Explanation:
Generally Acceptable Accounting Principles requires that the closing inventory should be valued at lower of cost and Net realizable value.
Product Quantity Total Cost Total Net Realizable Value
Revolvers 13 $126 $155
Spurs 22 $32 $27
Hats 9 $58 $48
Choosing Which one is lower for each product
Product Quantity Rate Total Value
Revolvers 13 $126 $1,638
Spurs 22 $27 $
594
Hats 9 $48 $432
Total Closing Inventory Value = $1,638 + $594 + $432 = $2664
Rights of unpaid seller against the goods, and<span><span>II.<span> </span></span><span>Rights of unpaid seller against the buyer personally. </span><span>We shall now examine these rights in detail.</span></span>
