Answer:
The correct answer is option d. whether the product has utility.
Explanation:
The demand elasticity is a concept that explains the elasticity of the consumer in terms of buying a product while its price rises.
All of the factors given in the question are a part of this concept except whether the product has utility.
The reason is that when a consumer buys something, the utility of that desire is not measured. If people have a high demand elasticity, they would buy the most priciest of things which have no utility as such.
Answer:
b. debit warranty expense $10,000; credit estimated warranty liability $10,000
Explanation:
The journal entry to record the estimated warranty expense is shown below:
Warranty Expense Dr $10,000 ($200,000 × 5%)
To Estimated Warranty Liability $10,000
(being the warranty expense is recorded)
Here the warranty expense is debited as it increased the expense and credited the estimated warranty liability as it also increased the liability
Therefore the option b is correct
Answer:
A bond is a fixed income instrument that represents a loan made by an investor to a borrower bond could be thought of as an I.O.U. between the lender and borrower that includes the details of the loan and its payments.
Explanation:
Answer: unitary price elastic
Explanation:
A good is unitary price elastic if a change in price leads to the same proportional change in quantity demanded.
The coefficient of a good with unitary elasticity is 1 .
Coefficient of elasticity = percentage change in quantity demanded / percentage change in price
= 5% / 5% = 1
I hope my answer helps you
Answer:
Opt in
Explanation:
Opt in policy approach, is the kind of approach in which the policy is sets out in order to ensure the consistent application and the understanding of the firm or company opt in approach for communication with the individuals.
In short, it is defined as the permission expressed by the company or the firm, which gathers or collect the information , does not use the information for any other motive unless the client or the customer specially chooses or opt to allow for using the information.
