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3 years ago

Inelastic demand is a situation in which:

Business

1 answer:

just olya [345]3 years ago

6 0

Answer:

The answer is (A) an increase or a decrease in price does not significantly affect the demand for a product.

Explanation:

Inelastic demand refers to a condition where demand does not change even when price changes. An example of this is the demand for gasoline – even when price increases, the amount consumed by customers do not drop as drastically. There are two types of inelastic demand: relatively inelastic demand and perfectly inelastic demand. When the first occurs, high price increase is followed by a relatively low drop in demand. When the second occurs instead, high price increase is followed by no drop in demand.

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If inflation is anticipated to be 6 percent during the next year, while the real rate of interest for a one-year loan is 5 perce

Talja [164]

Answer:

11%

Explanation:

Nominal interest rate = real interest rate + inflation rate

6% + 5% = 11%

Anticipated Inflation rate is the rate at which it is expected that price levels would rise.

Real interest rate is the rate of interest that has been adjusted for the effects of inflation.

I hope my answer helps you

3 0

4 years ago

Which of the following is the number one method of financing for most new businesses?

Sergeeva-Olga [200]

Previous business sales

8 0

3 years ago

Read 2 more answers

Which of the following refers to the process of getting detailed information about jobs?A. Job rotationB. Supply chain managemen

Andrei [34K]

E. Job orientation is the correct answer

5 0

3 years ago

Ticketsales, Inc., receives $5,520,000 cash in advance ticket sales for a four-date tour of Bon Jovi. Record the advance ticket

kykrilka [37]

Answer:

On October 31, Debit Cash for $5,520,000; and Credit Unearned ticket revenue for $5,520,000.

On November 5, Debit Unearned ticket revenue for $1,380,000; and Credit Ticket revenue for $1,380,000.

Explanation:

The journal entries will look as follows:

Date Description Debit ($) Credit ($)

Oct 31 Cash 5,520,000

Unearned ticket revenue 5,520,000

(To record ticket revenue received in advance.)

Nov 5 Unearned ticket revenue 1,380,000

Ticket revenue (w.1) 1,380,000

(To record revenue ticket revenue earned.)

Workings:

w.1. Ticket revenue = Unearned ticket revenue * (1 / 4) = $5,520,000 * (1 / 4) = $1,380,000

8 0

3 years ago

Based on the following information, what would be recorded as purchases discount if the invoice is paid within the discount peri

lisabon 2012 [21]

Answer:

$30

Explanation:

2/10 net 30 means the supplier extends 30 days credit to the purchaser. If the payment is made between 10 days and 30 days, no discount is allowed.

However if the payment is made within 10 days, 2% of net purchase price would be allowed as a discount by the supplier.

Now, Net Purchases = Total invoice price - freight - purchases returns

Net Purchases = $2150 - $150 - $ 500

Net Purchases= $1500

Rate of discount = 2%

Purchases discount = 2% of 1500= $30 will be allowed if the payment is made within the discount period.

5 0

4 years ago