Answer:
Option B
Explanation:
If the demand curve is elastic that means a small change in price will lead to greater change in the quantity demanded
On the other hand if supply curve is very inelastic that means change in price will not have grater impact on the supply.
Therefore, the burden of increase tax will be borne by buyers not on the suppliers because suppliers are less affected in this case.
Answer:
A) Dr Supplies Expense $2,600
Cr Supplies $ 2,600
Explanation:
The supplies account had an opening balance of $ 2400. Purchases were made of $ 3000 so the total debit balance was $ 5400. The year end showed a debit balance of $ 2800.
So $ 5400- $ 2800= $ 2600 Supplies were used and credited .
An expense account would be used to show this so
Supplies Expense is debited with $ 2600 and
Supplies Account is credited with $ 2600 showing a net debit balance of $ 2800 at the end of the year.
The answer to this question is the choice 'a recession'. The period of decline in real GDP and other factors in the economy such as the blue-shaded period in 1948 is called a recession.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
Introduce new or better products to existing markets. Continue development on your existing products, like your bestsellers, in order to renew your commitment to current customers to the best of your abilities. Through product development, you can expect to outperform competitors and keep your customers happy. Explore Partnership Opportunities
