A change in demand means a shift in a consumer's desire to a particular good or service irrespective of price variations while a change in the quantity demanded explains a change in the amount of goods or services a consumer is willing purchase largely influenced by the demand price. It has become important to differentiate between this terms as they sound alike representing different meanings in economics. Price elasticity of demand influences the choices individual and firms make as it goes to show if the demand for a particular amount of goods will drop sharply or if the demand would remain same even as price increases. A perfect example is currently the issue of protective gears used to forestall the spread of the ravaging Covid-19. The demand for Face masks have increased as both individuals and health care givers need them with the latter requiring them the most. The increased demand has also seen to the increase in price and this does not affect the amount demanded as the price continues to increase following its rise in demand. This explains the inelasticity of demand.
<span>#Get the user input for both MPG and Gallons
MPG = float(input('How many miles have you driven?'))
Gallons = float(input('How many gallons are in the tank?'))
#Do the MPG divided by Gallons
MPG_div_Gallons = MPG/Gallons
print('Your cars MPG is ',MPG_div_Gallons,'.')
#to hold the code I am using an input
input('Press Enter to Exit')
The arrays are "MPG", MPG_div_Gallons,and Gallons. It can be used to solve an average of mile per gallon has been emission in a certain amount of drive. (Code in Python)</span>
The answer is "then <span> assets increased during the year by $25,000".
</span><span>liabilities of Hayden travel decreased by = $50,000
</span><span>owners' equity increased by = $75,000
</span>assets increased during the year = $75,000 - $50,000
= $25,000
Answer:
statistical data relating to the population and particular groups within it.
Explanation:
!!
Answer: Most tax breaks reduce taxable income, but reducing taxable income below zero does not reduce the tax bill.
Explanation:
Tax breaks can be used to reduce your taxable income sometimes all the way to zero. This however simply means that you don't have to pay income tax but does not mean that there won't be other taxes to pay.
Because of these additional taxes left to pay, a person will still pay certain taxes even if their taxable income is below zero. Tax expenditures therefore do not help much with a federal tax bill of zero.
