Elasticity of demand is a measurement used in economics to show how people respond and demand a product or service when nothing but the price changes.
If Walmart were to discount a shoe by 25% and the demand of the shoes is two pair, sales would increase by 50%. People are purchasing two pairs at this price and receiving 25% off of each pair.
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<span>Without innovation, no company can survive over the long run. Innovations provide new ideas, methods, and advances to a company.
Answer: Letter D </span>✅ <span>
</span>Hope that helps! ★ If you have further questions about this question or need more help, feel free to comment below or post another question and send the link to me. -UnicornFudge aka Qamar
Answer:
c.reported at fair value on the balance sheet and as unrealized gains or losses on the income statement
Explanation:
The trading securities focuses on the securities which are traded to gain the profit through selling the securities which are based on the market values
So
any profit or losses could be come under the income statement
whereas
The fair values are to be reported on the balance sheet
hence, the correct option is c.
Answer: Hedging
Explanation: because the bank is hedging when it purchases a credit default swap that is offering protection against the default of one of its borrowers.
Answer:
D
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
Profit is maximised where marginal cost equals marginal revenue.
