Answer:
E. Elastic
Explanation:
Unit elastic demand is when the quantity demanded changes by the same percentage that the price does.
Inelastic demand is when the quantity demanded changes less than the price does.
Elastic demand is when an increase in prices causes a bigger percentage fall in demand. It is also when price or other factors have a big effect on the quantity consumers want to buy. In this case; the price rises 20% (50 to 60) and demand falls 50% (100 to 50), so the demand for Coca-Cola is elastic
Answer:
in this order
Explanation:
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Answer:
Free Trade Definition. Free trade is a largely theoretical policy under which governments impose absolutely no tariffs, taxes, or duties on imports, or quotas on exports. In this sense, free trade is the opposite of protectionism, a defensive trade policy intended to eliminate the possibility of foreign competition
Answer:
C
Explanation:
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Answer:
$4000
Explanation:
The cost of goods sold is also referred to as the cost of sales.
COGS=Beginning Inventory+net Purchases −Ending Inventory
Cost of good issued: $ 3500
Net purchases: $ 2000
End of year Inventory: $1500
COGS=$3500+$2000-$1500
=$5500-$1500
=$4000
