1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nignag [31]
3 years ago
12

The cross price elasticity for coffee for a change in the price of tea is likely to be __________.

Business
1 answer:
Oduvanchick [21]3 years ago
7 0

Answer:

Positive

Explanation:

Coffee and tea are substitute goods. Therefore, the cross price elasticity of substitute goods is positive.

Positive cross price elasticity states that there is a direct relationship between the price of one good and the demand for its substitute good.

If there is an increase in the price of the coffee then as a result the demand for tea increases though the price of tea remains the same.

You might be interested in
The journal entry a company records for the payment of interest, interest expense, and amortization of bond discount is debit In
stepladder [879]

Answer:

Debit Interest Expense, credit Cash and Discount on Bonds Payable.

Explanation:

The journal entry that a company needs to record for payment of interest is: a debit to the interest receivable account and a credit to the interest income account.

The journal entry that a company needs to record for interest expense is: a debit to interest expense and a credit to cash.

The journal entry that a company needs to record for interest expense is: a debit to interest expense and a credit to discount on bonds payable.

4 0
3 years ago
The equipment has an estimated useful life of ten years and an expected salvage value of 20 percent. Gravity Hospital’s December
ch4aika [34]

Answer:

The cost of the equipment when it was acquired on January 1, 2011 is $10000

Explanation:

10000÷5=2000

2000*10=20000

     

20000 80%    

    X 100%  X=25000  

     

25000*20%= 5000 25000-20000=20000  

2011  2000    

2012 2000    

2013 2000    

2014 2000    

2015 2000 10000  

8 0
3 years ago
4.
valentina_108 [34]
<span>Salary is the correct answer. </span>
3 0
3 years ago
The business arrangement in the newspaper industry in which two separately owned papers in the same city are permitted to combin
musickatia [10]

Answer: Joint operating agreement

Explanation:

 The joint operating agreement is one of the concept that helps in protecting the business or the industry from the failure that helps in governing the partnership between any two organization.

In this type of agreement any two organization are basically contributing their power and the resources for producing the effective result.

According to the given question, the newspaper industry is one of the example of joint operating agreement in which two companies are permitted for combining their business. Therefore, Joint operating agreement is the correct answer.

8 0
3 years ago
Which of the following career fields ensures that required supplies are available.
GalinKa [24]
2) Purchasing, good luck!
6 0
3 years ago
Read 2 more answers
Other questions:
  • The effective Fed Funds Rate is the_________.
    12·1 answer
  • A ____________ organization is characterized by direct two-way lines of responsibility, authority, and communication running fro
    14·1 answer
  • On the balance sheet, the lease liability is measured as ________. B) the present value of the lease payments less the present v
    9·1 answer
  • A society can produce two goods: donuts and beer. The society's production possibility frontier is negatively sloped and "bowed
    7·1 answer
  • Website : https://www.yelp.com/biz/park-tudor-school-indianapolis
    13·1 answer
  • California has an average rainfall of 3 inches for the month of January. This year California had over 12 inches, which is equiv
    11·1 answer
  • Merchandise operations
    15·1 answer
  • What do pre-teen ducks hate? <br> will mark brainiest for right answer!<br> think hard.
    8·1 answer
  • What taxes and withholdings take the biggest bite out of the amount of your paycheck?.
    5·1 answer
  • It is obvious that an error occurred in the preparation and/or posting of closing entries if: Multiple Choice the Retained earni
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!