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enyata [817]
3 years ago
6

A firm practicing direct price discrimination will charge a higher price to a. ​Consumers known to have an inelastic demand b. ​

All consumers c. ​Consumers known to have a unitary elastic demand d. ​Consumers known to have an elastic demand
Business
1 answer:
Shalnov [3]3 years ago
6 0

Answer:

c) Consumers with an inelastic demand

Explanation:

When the price increase, the demand for the product will decrease. The increase in price makes the customer look for a product substitute with cheaper price. Substitutes will keep the demand elastic since it can change easily.

But some customer has an inelastic demand, which means that their demand does not easily change when the price is increased. This type of customer can't substitute and have no choice but to keep buying even at a higher price.

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Oriole Company has an inexperienced accountant. During the first month on the job, the accountant made the following errors in j
Yuki888 [10]

Answer:

Part 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200.

Merchandise $ 760 (debit)

Cash $ 560 (credit)

Equipment $200(credit)

Part 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800.

Cash $270 (debit)

Dividend $530 (debit)

Salaries and Wages $ 800 (credit)

Part 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and credited to Cash $230

Account Payable $470(debit)

Cash $470 (credit)

Explanation:

Part 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200.

Derecognise the $ 200 Equipment recored in error.The Cash figure was understated, therefore derecognise a further $560 to reflect the outflow of economic benefits. Lastly the Merchandise or Inventory Account must the recognised. This is the correct asset account to the original transaction.

Part 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800.

Recognise an equity element - Divident. Assets of cash were overstated therefore recognise the overstated amount of $270. Salaries and Wages Account was recognised in error therefore de-recognise this expense account.

Part 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and credited to Cash $230

The transactions was recorded in correct accounts for the debit and credit but with wrong or understated amounts. Recognise a further $230 for Accounts Payable and a further 4230 for Cash

5 0
4 years ago
A group of teens in your town meet and agree to charge a flat fee of five dollars per hour for babysitting. They charge the same
swat32

Answer:

a monopoly

Explanation:

6 0
4 years ago
Read 2 more answers
Please help!!
inna [77]

Answer:

Forever or D

Explanation:

7 0
2 years ago
Which is not a factor that can cause a change in supply?
dezoksy [38]

Answer:

Business Model

Explanation:

The answer is Business Model because, Technology, Cost of Resources, and Productivity are all causes and factors that have the ability to cause a change in supply.

Hope this helps :))

7 0
3 years ago
Bill and Sally have been tired of the corporate rat race. They leave their investment banking positions in New York, move to Col
Sveta_85 [38]

Answer:

Corporate dropouts

Explanation:

People become entrepreneurs for various reasons. Some have the internal drive to create something or provide a service and become entrepreneurs from a young age.

<u>Some others work for a period of time in an organization and due to certain factors, decide to quit their jobs to become entrepreneurs</u>. Such entrepreneurs are <u>corporate dropouts</u>.

They usually have some experience from their previous jobs that may be useful to them as entrepreneurs.

Billy and Sally are examples of entrepreneurs who are corporate dropouts.

5 0
4 years ago
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