Answer:
3. inelastic.
Explanation:
Demand is inelastic if a change in price leads to little or no change in the quantity demanded.
If tuition is increased in order to increase revenue, demand for the school has to be inelastic.
If demand is elastic , if tuition is increased, the number of students enrolled in the school would drop and revenue would fall.
I hope my answer helps you
Answer:
Creative Sound Systems should report $18,800,000 as net cash flows from financing activities
Explanation:
Cash flow Financing activities are the funds that the business acquire or paid to finance its main activities, these involve borrowing and repaying short-term loans, long-term loans and other long-term liabilities.
From the question, Cash inflow from Issue of common share and Cash outflow from purchase of treasury stock are the only recognizable Financing activities
Particulars Amount
Cash inflow from Issue of common share $39,600,000
Cash outflow from purchase of treasury stock -$20,800,000
Net cash flows from financing activities $18,800,000
Answer:
Temporarily low and so supply a smaller quantity of labor.
Explanation:
Because workers see that their nominal wages are falling, but they fail to see that the price level of goods and services also has fallen by the same percentage (meaning that their real wage has not fallen, but stayed the same), they will likely believe that the reward for their labor is less, so they will have less incentive to work, supplying a smaller quantity of their labor force in the process.