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Jet001 [13]
3 years ago
12

During the 1992 Democratic National convention a group of 100 New York restaurants got together and offered lunch for $19.92, an

d a number of them added special dinner menus with meals priced at $24.92. These prices may seem high, but they were a substantial reduction for most of the participating restaurants. The result: revenues were up during the convention, but what happened after the delegates left? Many restaurants decided to keep their prices down and got a real surprise: lower prices brought in more total revenue. we may surmise that demand at New York restaurants is..
A.) has unitary price inelasticity.
B.) Price elastic.
C.) Price inelastic.
D.) equivalent to income elasticity of demand
Business
1 answer:
allsm [11]3 years ago
7 0

Answer:

B. price elastic

Explanation:

we may surmise that demand at New York restaurants is PRICE ELASTIC

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__________ are common development types which usually include a range of housing types along with recreational amenities, suppor
Neko [114]

Master-plan communities are common development types that usually include a range of housing types along with recreational amenities, supporting retail, and other commercial activities.

<h3>What are master-plan communities?</h3>
  • A planned community, planned city, planned town, or planned settlement is any community that has been meticulously planned from the start and is often built on previously undeveloped territory. In contrast, settlements emerge in a more haphazard and organic manner.
  • The word "new town" refers to planned communities associated with the new towns movement, primarily in the United Kingdom.
  • Master-plan communities are popular types of development that often feature a variety of dwelling types as well as recreational amenities, supporting shops, and other commercial operations.

As the definition itself says, Master-plan communities are popular types of development that often feature a variety of dwelling types as well as recreational amenities, supporting shops, and other commercial operations.

Therefore, master-plan communities are common development types that usually include a range of housing types along with recreational amenities, supporting retail, and other commercial activities.

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7 0
1 year ago
Letty's Laundry and Dry Cleaning incorporated and started business on January 1, 2016. 1 Letty's Laundry and Dry Cleaning began
lara [203]

Answer:

Letty's Laundry and Dry Cleaning Incorporated

Effect of each transaction on the accounting equation:

Transaction   Appropriate

No.                 Letter

1.                      c.

2.                     b.

3.                     b.

4.                     a.

5.                     e.

6.                     c.

7.                     e.

8.                     e.

9.                     e.

10.                   e.

Explanation:

Data key:

list:

a. Increase in an asset, decrease in another asset.

b. Increase in an asset, increase in a liability.

c. Increase in an asset, increase in stockholders' equity.

d. Decrease in an asset, decrease in a liability.

e. Decrease in an asset, decrease in stockholders' equity

b) The above listing demonstrates the effect on the accounting equation of every business transaction.  The net effect is such that the two sides of the equation are always in balance, provided the proper accounting records have been maintained.

5 0
3 years ago
J Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in eq
Wewaii [24]

Answer:

14.58%

Explanation:

The computation of the simple rate of return is shown below:

As we know that

Simple rate of return = Annual net income ÷ Initial investment

where,

Initial investment is $32,000

And, the annual net income is

= $6,800 - ($32,000 ÷ 15 years)

= $4,667

So, the simple rate of return is

= $4,667  ÷ $32,000

= 14.58%

We simply applied the above formula

5 0
3 years ago
Hilltop grading, an american construction firm, recently acquired another company, earth builders, in indonesia. the high-level
zhuklara [117]
Of culture clashes between the two companies
7 0
2 years ago
Bob borrowed $10,000 at an effective annual rate of interest of 7%. Bob’s plan was to repay the loan with equal principal repaym
Lelu [443]

Answer:

$172.75

Explanation:

Principal amount for the first ten years=$500

($10,000/20)

Interest repayment during the 10th Year=$385

(10,000-(500*9)*7%)

Total payment for Year 10=$885

(500+385)    

Total principal amount at Year 10=$5,000

(10,000-(500*10)

Present value of Annuity=Payment per year((1-(1+7%)^-10)/7%)

5,000=Payment per year(7.02)

Payment per year from year 11=712.25

Difference between 10th and 11th payment=$172.75

(885-712.25)

7 0
3 years ago
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