As time passes, people adjust to the higher price, and the demand for gasoline becomes less elastic.
<h3>What is price elasticity of demand?</h3>
Price elasticity of demand measures how the quantity demanded of a good changes when price changes. Demand is elastic when quantity demanded changes more than the change in price. Demand is less elastic when quantity demanded changes less than the change in price. With the passage of time, demand becomes less elastic.
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Answer:
Cash 20,200 debit
Sales revenue 20,200
COGS 15,500
Finished Goods Invenotry 15,500
Explanation:
The revenue will be recognize by the amount billed to the customer. It is paying on cash, so our cash increases. We record that by debiting cash.
And we credit the sales revenue to increase our revenue.
Then we recognize the cost of goods sold, which are 15,500
This decrease our finished goods inventory by this ammount. Also, we post the expense for the cost of the goods sold.
Answer:
Changes based on supply and demand
Explanation:
The rate at which one currency is exchanged for another currency is known as the exchange rate. The exchange rate explains the relationship between the value of one country's currency and another country's currency.
The exchange rate for a stable country remains the same unless there is changes based on supply and demand.
Answer:
The correct answer is letter "B": False.
Explanation:
The project manager is in charge of analyzing, implementing, and adjusting different projects within the organization to improve efficiency and to collaborate in achieving the corporation's objectives. Project managers must be aware of internal and external changes that can affect the firms' project process flow to make changes if necessary.
The storage method that is used in organizing messages in
the application G-mail that is similar to a folder structure is the labels. It
is a matter of organizing messages as it is able to label the folders or
messages in a more organize manner for it to be able for it to be identified
and stored neatly.
