Revenue is calculated by the number of goods sold times the price of those goods. It is different from profit, which is revenue minus costs.
Higher prices will likely not lead to increased revenue because as prices rise, demand falls and therefore the number of units sold changes.
Answer:
constriction of the pupil that is elicited by an increase in illumination of the retina
Explanation:
Answer: What is law of demand with example? The law of demand dictates that when prices go up, demand goes down – and when prices go down, demand goes up. For instance, a baker sells bread rolls for $1 each. They sell 50 each day at that price.
Explanation:
Answer:
The correct answer is letter "C": Is personally liable for partnership debts.
Explanation:
A Partnership is an entity that operates a company with two or more owners. They share the profits in proportion to their relationship benefit in percentage terms. There are two types of partnerships: general partnerships (<em>unlimited liability</em>) and limited partnership (<em>liability according to the percentage contributed to the partnership</em>).
