Answer:<u><em> Elle's coffee has lots of close substitutes while coffee has few substitutes, so the demand for Elle's coffee is more elastic than the market demand for coffee.</em></u>
Here, it can be seen that when Elle's Espresso Bar raised its price by 10 percent, the quantity of coffee that Elle sold decreased by 40 percent, whereas when Elle and all her competitors cut their prices by 10 percent, the quantity of coffee sold by Elle increased by only 4 percent.
∴<em><u> The demand for Elle's coffee is more elastic than the market demand for coffee.</u></em>
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Answer:
D a budget deficit.
Explanation:
A budget deficit is when government spending exceeds income from taxes.
The State of Washington spent a total of $74.8 billion and had a total income of $65.8 billion. Spending exceeds income from taxes by $9 billion. The State of Washington has a budget deficit.
A budget surplus is when income from taxes exceeds government spending.
I hope my answer helps you.
The managed care plan that is allowed to contract directly with employers to provide health care services is the health insurance.
<h3>What is managed care plan?</h3>
- Health insurance comes in the form of managed care programs. They have agreements with hospitals and medical centers to provide members with care at lower costs.
- These suppliers make up the network of the plan. The policies of the network will determine how much of your care the plan will cover.
- Among the several categories of managed health care programs are: maintenance of health organization (HMO) preferred supplier company (PPO) Service location (POS)
- The availability of numerous in-network providers, low costs, the provision of credentialed treatment, lower prescription costs, and low cost are some of the most frequently cited advantages of managed care systems.
Learn more about managed care plan here:
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Answer:
a. 4
b. 91.25 Days
Explanation:
a. Inventory Turnover = Cost of goods sold/ Average Inventory
= $347,480 / 86,870
= 4
b. Number of days sales in Inventory = Inventory/ COGS*365
= 86,870 / $347,480 * 365
= 91.25 Days
