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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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Paraldehyde is an effective cns depressant but is probably not currently used because:
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The reason why paraldehyde is not currently used is because of its side effects or down sides to the patients using it such as it provides a noxious taste that patients dislikes and it was able to provide an odor with the patient’s breath that isn’t pleasant. 

6 0
3 years ago
Rowdy's Restaurants cash flow (in millions) Cash received from: Customers $4,200 Interest on investments 360 Sale of land 260 Sa
uranmaximum [27]

Answer:

$440 millions

Explanation:

The computation of the net cash inflows (outflows) from operating activities is shown below:

Cash flow from Operating activities  

Cash received from Customers $4,200

Interest on investments $360

Less: Cash paid

Interest on debt -$460

Income tax -$240

Purchase of inventory -$2,600

Operating expenses -$820

Net Cash flow from Operating activities         $440 millions

8 0
3 years ago
Instant Access Services Inc. leases access to high-speed computers to small businesses. It provides the following information fo
Afina-wow [57]

Answer:

a. $21

b. $1,890,000

Explanation:

a. The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated  computer hours)

= $2,100,000 ÷ 100,000 hours

= $21

b. Now the applied overhead which equals to

= Actual computer hours  × predetermined overhead rate

= 90,000 hours × $21

= $1,890,000

5 0
3 years ago
In the Keynesian-cross model, actual expenditures differ from planned expenditures by the amount of:
dmitriy555 [2]

Answer: Option (c) is correct.

Explanation:

Correct option: Unplanned inventory investment.

Unplanned inventory investment is a component of investment spending. The other component of investment spending is planned inventory investment.

Unplanned inventory investment occurs when actual sales are more or less than the company's expected sales which results in unplanned changes occurred in the inventories.

Hence, in the Keynesian-cross model, actual expenditures differ from planned expenditures by the amount of Unplanned inventory investment.

5 0
3 years ago
On December 31, management had determined that it would not be able to collect the $1,200 owed to it by one of its customers. On
mario62 [17]

Answer:

a. Journal entries to record the reinstatement of the account receivable

Account Title and Description                           Debit     Credit

Account receivable account                                $600

       Allowance for Doubtful Accounts account                $600

(Reinstatement of the account receivable)

b. Journal entries to record the receipt of cash

Account Title and Description             Debit     Credit

Bank Account                                        $600

        Account receivable account                        $600

(Receipt of cash)

5 0
3 years ago
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