Answer:
<em>B. she is confusing between price elasticity of demand and income elasticity of demand.</em>
Explanation:
Envy miscalcualte the price elasticy whhich from 1,000 to 1,100 was 12% not the 7% forecasted
The increase in income is a different factor. An increase in income will make the people in the country to consume and/or save more
but they will decide on each product market considering the price/elasticity
In this case, it was -0.12
Answer:
The Correct Answer is "D"
Explanation:
When aggregate demand moves to the right; there is an enhancement in the general cost level just as the genuine GDP. When there is a rightward move of the aggregate supply, genuine GDP increments yet broad value level reductions. It might happen that the size of the two movements is same with the goal that cost level stays unaltered pretty much however genuine GDP increments.
Answer:
Explanation: from the above question, the total of cash and cash equivalent to be recorded in the balance sheet includes all cash balances in the bank and cash balance in the petty cash account.
From the above question, the cash and cash equivalent balance as at April 30 is $1,000 plus all bank balances as at that date.
Answer:
C. Entrepreneurs aren’t exposed to any risk when starting a new business.
Explanation:
Entrepreneurs are the person who starts their own business and took a financial risk from the start. Entrepreneurs manage the activities on their own, develop new ideas. and create the team for the benefit of the organization
Therefore, Entrepreneur exposed to the financial risk while starting their own business
hence, the correct option is C.
Answer:
C. the money supply to fall.
Explanation:
According to my research on economics, I can say that based on the information provided within the question an increase in currency holdings will cause the money supply to fall. This is because if people begin to hold this causes the cash flow to decrease and money supply decreases because of the low cash flow.
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