The change in the amount sold will be greater when the price elasticity of demand is greater than 1. (option 3).
<h3>What is price elasticity of demand?
</h3>
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Demand is elastic when the coefficient of demand is greater than one. This means that for a small change in price, the quantity demanded would be greater.
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The above statement is false.
<span>if you wanted to create a poster that displayed exactly the same information, and could be reproduced in thousands of copies, mono-printing would not be a good process to use because in mono-printing, there is a print of a unique image and printed only once.
</span>There are many printing methods used for printing posters.
Answer:
We pay taxes to the government as a way to pay for our daily life. Taxes can let you get credits on your health insurance, having safe roads, free public education and etc.
Explanation:
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Answer:
September 1, 202x, petty cash fund established
Dr Petty cash fund 220
Cr Cash 220
September 10, 202x, petty cash expenses and replenishment of petty cash fund
Dr Postage expenses 78
Dr Supplies expenses 51
Dr Cash short and over 15
Cr Cash 144
September 15, 202x, petty cash fund is increased
Dr Petty cash fund 85
Cr cash 85
Answer and Explanation:
The computation of the future value in the following situations:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
1. For semiannually
= $19,000 × (1 + 0.10 ÷ 2 )^8 × 2
= $19,000 × (1.05)^16
= $19,000 × 2.1829
= $41,475
2. For quartely
= $19,000 × (1 + 0.12 ÷ 4 )^2 × 2
= $19,000 × (1.03)^4
= $19,000 × 1.2268
= $23,309
3. For monthly
= $19,000 × (1 + 0.36 ÷ 12 )^15
= $19,000 × (1.03)^15
= $29,602