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3 years ago

When moving down along a straight-line demand curve:

Business

1 answer:

dexar [7]3 years ago

3 0

Answer: The correct answer is "d) the elasticity of demand changes from elastic to inelastic.".

Explanation: In a straight-line demand curve, elasticity decreases as the price decreases and the quantity demanded increases, demand has unit elasticity at the midpoint of the demand curve, above the midpoint, demand is elastic (elasticity is greater than one), below the midpoint the demand is inelastic (elasticity is less than one).

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Bavarian Bar and Grill opened for business in November 2018. During its first two months of operation, the restaurant sold gift

zhannawk [14.2K]

Answer:

Sale of gift cards

Debit Bank $6,800 Credit Gift Card Certificate liability $6,800

Redemption of cards

Debit Gift card liability $2,100 Debit Bank $500 Credit Revenue $2,500 Credit sales tax payable 100

2) Liability to be reported in balance sheet = ( 6800-2100) = $4,700

3) Non current liabilities

Gift Card certificate $680

Current Liability

Gift Cards Certificates $4,020

Sale tax payable $100

Explanation:

Sales tax payable (2500*4%) = $100

The bank of $500 in the Redemption of cards journal is a balancing figure.

Classification of the liability in types of liability

Current liability

Gift card certificates sold = 6800

current liability 90% =6120

deduct redeemed card = -2100

current liability = $4,020

Non_Current Liabilities

Gift Card not yet redeemed = 4700

less current gift card liability = -4020

non current liability =680

8 0

4 years ago

What is one difference between criminal law and civil law?

Sati [7]

Answer:

the answer is (b )that I'd criminal law addresses private wrongdoings, while civil laws addresses public wrongdoings

8 0

3 years ago

How do I cite this page.

Otrada [13]

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5 0

3 years ago

Why are taxes paid to different levels of government in the United States (local, state, and federal governments)?

MrMuchimi

<span>the reason why taxes are paid to different levels of government in the united states is because Different levels of government supply different services. In order for them to do these different services, they need financial backing to pay up their employee, which mostly acquired through our tax payments.</span>

7 0

3 years ago

Explain how (if at all) each of the following events affects the location of a country’s production possibilities curve

fgiga [73]

Answer:

An increase in the quality of education would increase human capital. This would lead to an outward shift of the production possibilities curve

b. If the number of unemployed workers increases, there would be no change in the labour force. the production possibilities curve would not be affected

c. The new technology is technological advancement. Technological advancement leads to an outward shift of production possibilities curve

d. The earthquake would destroy capital stock and resources needed in the production process. As a result, production possibilities curve would shfit inward

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.

As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

3 0

3 years ago