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Zigmanuir [339]
3 years ago
8

Demand for a given good is elastic, which means that the percentage change in __________ is greater than the percentage change i

n __________.
Business
1 answer:
bezimeni [28]3 years ago
3 0

Answer: quantity demanded; price of the goods

Explanation:  

Elasticity measures how much one economic variable responds to changes in another economic variable. The price elasticity of demand measures how responsive quantity demanded is to changes in price.

The price elasticity of demand is equal to the percentage change in quantity demanded divided by the percentage change in price. If the quantity demanded changes more than proportionally when price changes, then the price elasticity of demand is greater than 1 in absolute value, and demand is elastic. If the quantity demanded changes less than proportionally when price changes, then the price elasticity of demand is less than 1 in absolute value, and demand is inelastic. If the quantity demanded changes proportionally when price changes, then the price elasticity of demand is equal to 1 in absolute value, and demand is unit elastic.

Perfectly inelastic demand curves are vertical lines, and perfectly elastic demand curves are horizontal lines. Relatively few products have perfectly elastic or perfectly inelastic demand curves.

In terms of income elasticity of demand, a value greater than one implies that the percentage change in the quantity demanded of the good is greater than the percentage change in income.

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Alex Company rents space to a tenant for $2,200, per month. The tenant currently owes two months rent, November and December. Th
kaheart [24]

Answer:

The correct answer is D

Explanation:

The journal entry which is to be posted on December 31, is as:

Rent receivable A/c............................Dr   $4,400

        Rent Earned A/c...............................Cr    $4,400

As the two months rent is not paid so the adjusting entry which is to be posted is that the rent receivable account is debited whereas the rent earned account is credited with the amount of two months rent. (which is $2,200 + $2,200 = $4,400).

5 0
3 years ago
On January 1, Year 1, Savor Corporation leased equipment to Spree Company. The lease term is 9 years. The first payment of $698,
Lelu [443]

Answer:

The interest revenue will Savor record in Year 1 on this lease at 9% is $347,697

Explanation:

Present value of Lease Payment = $4,561,300

Less: First Payment on Jan 1, 2018 = $698,000

Remaining Balance = $3,863,300

Interest Revenue for Year 1 at 9% = $3,863,300 × 9%

Interest Revenue for Year 1 at 9% = $347,697

8 0
3 years ago
Are starting points for Internet exploring and are interested in channeling surfers to particular sites, especially commercial o
Firdavs [7]

Answer:

<u>Portals.</u>

Explanation:

A portal is defined as an internet site whose purpose is to cluster and make available diverse content from various sources, and acts as an access point for various websites.

In order to function effectively a portal must be designed to withstand the large amount of user access, so that it works properly without slow system and damage to users. As a portal is a channel especially for commercial websites, it is imperative that the team of contributors who feed the portal have access to the large amount of structured and unstructured information, so that there is better organization and search accuracy and prevention of misfortune, such as failures on commercial sites such as a paid purchase that is not registered and ends up lost or a customer unable to access the site information screen.

8 0
3 years ago
Alison Skateland, a real estate broker in Yuba City, California, has recently become interested in the sale of business opportun
Dafna1 [17]

Answer: the correct answer is A) If real property is involved in the sale, the broker (Alison, in this case) usually treats the sale of the business and sale of the land/building as two separate and concurrent transactions with two concurrent and contingent escrows.

Explanation:

The sale of business opportunities may involve the sale of only personal property.

Alison, in dealing with the sale of business opportunities, must remember to inform the purchaser of the various governmental agencies that the purchaser should contact for required permits, licenses, and clearances. These agencies include the IRS, State Board of Equalization, State Department of Benefit Payments, State Department of Industrial Relations, and various other county and municipal agencies.

The sale of a business opportunity includes the business's stock, trade fixtures, and trade name, a competition agreement, and lease assignment. While such a sale also includes the goodwill of a business, a monetary value cannot be placed on the goodwill.

7 0
3 years ago
¿Qué relación existe entre las exportaciones cafeteras y el crecimiento económico del país?
Gelneren [198K]

Answer:

Todo tipo de exportación, en general, forma parte del cúmulo de actividades por las cuales el gobierno obtiene un rédito económico a través del cobro de impuestos. Así, sea a través de la exportación del café como de otras materias primas o manufacturadas, el gobierno cobra un impuesto en concepto de retenciones a la exportación, que engrosa las arcas públicas.

A su vez, el gobierno redistribuye estos fondos, fomentando la producción económica, generando programas de asistencia social o financiando servicios públicos, entre otras. Todas estas actividades, en definitiva, contribuyen al progreso social, generando las condiciones necesarias para que los individuos puedan ser más productivos, generando así un mayor crecimiento económico para el país.

6 0
3 years ago
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