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Andrews [41]
3 years ago
6

Demand is more elastic: a. ​for goods with no substitutes. b. ​in the short run than in the long run. c. ​for necessities than f

or luxuries. d. ​for goods with many substitutes than for goods with only a few. e. ​for broadly defined goods than for narrowly defined ones.
Business
1 answer:
jasenka [17]3 years ago
4 0

Answer:

The correct answer is letter "D": ​for goods with many substitutes than for goods with only a few.

Explanation:

Elasticity is a characteristic of certain items, by which price increases reflect a shift in their demanded quantity. Demand elasticity is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal or greater than (1) the demand is elastic. If the demand is lower than 1, then it is inelastic.

<em>Goods with many substitutes are considered to be elastic because a minimal change in their price represents a significant change in the quantity demanded. As consumers have different options from where to choose if the price of one of the substitutes increases (for example), the quantity demanded for that good could face a dramatic drop.</em>

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Which of the following does not give rise to a business expense for self-employed taxpayer's uniforms or special clothing?
svp [43]

Answer: e. All of these choices are deductible.

Explanation:

All of the above give rise to a business expense for self-employed taxpayer's uniforms or special clothing and as such are deductible.

A lawyer needs to look the part and the option said it was a 'business suit' so that classifies as a work expense.

A clown cannot be a clown without their costume so that is definitely a business Expense as well.

Some scientists need hazmat suits to perform their duties effectively so this counts as a business expense as well and is also deductible.

And a mascot like a clown, cannot be a mascot without their attire so that is a business Expense as well.

4 0
3 years ago
ABC common stock just paid a dividend of $2.50 per share. The ABC dividend is expected to grow 20% per year for two years, and t
Liula [17]

Answer and Explanation:

Given that the dividend will grow at 20% for two years and then a constant 6% at third year

1st year dividend at 20%= $3

Present value of the dividend for the first year=PV factor at 15%(from table) = $2.61

2nd year dividend at 20% = $3.60

Present value of the dividend for the second year = PV factor at 15%(from table) $2.72

3rd year dividend at 6% growth rate =

$42.40

Present value of the dividend for the third year = PV factor at 15% = $32.06

Current price of the stock =$2.61+$2.72+$32.06

=$37.39

6 0
3 years ago
Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company’s management predicts that 6,1
frutty [35]

Answer:

Production for the third quarter   159,500

Explanation:

Sales for the period           161,000

Desired ending inventory    4,600

Total production needs     165,600

Beginning Inventory             (6,100)

Production for the third quarter   159,500

The sales for the period and the desired ending inventory are the total units we need for the quarted.

the beginning inventory reduces the production because are units we already have

5 0
3 years ago
After the first night of her three-night stay, ms. welk complained about the noise from the lounge on the floor below her room.
kumpel [21]

This transaction is called account allowance. Account allowance includes two kinds of transactions – to reduce in the folio balance compensation for poor service and the other one is to correct posting mistakes after the close of business. This kind of transaction is recognized by the usage of an allowance voucher, allowance vouchers are typically necessitate management endorsement.

3 0
3 years ago
Architects must consider the availability and cost of ________ when they plan their projects.
barxatty [35]

Answer:

the correct answer is Building materials

Explanation:

Architects must consider the availability and cost of Building materials when they plan their projects.

good luck

6 0
3 years ago
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