Asset debits are recorded in the left debits column.
Answer:
-0.20
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
If cross price elasticity of demand is positive, it means that the goods are substitute goods.
Substitute goods are goods that can be used in place of another good.
If the cross-price elasticity is negative, it means that the goods are complementary goods.
Complementary goods are goods that are consumed together
Cross Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price
Midpoint change in quantity demanded = change in quantity demanded / average of both demands
change in quantity demanded = 16 million - 14 million = 2 million
Average = (16 million + 14 million) / 2 = 15 million
2 / 15 = 0.133
midpoint change in price = change in price / average of both price
change in price = 1 - 2 = - 1
average of price =(2 + 1) / 2 = 1.5
-1/1.5 = -0.67
0.1333 / -0.67
Answer:
False
Explanation:
Arbitrage refers to buying and selling stocks, commodities, bonds, currencies, or any other type of security. This process is carried out simultaneously, and a profit is made when the purchase price is lower than the selling price. E.g. a trader that purchases gold from a European seller and immediately sells it to an Asian buyer at a slightly higher price.
As technology advances, arbitrage has become more difficult to carry out because information is available to everyone. Before, a company could purchase a good (e.g. beef) in Texas and sell it at a higher price to a buyer in New York.
The lower in demand method the market price will FALL and finally, there could be a go-out by using existing corporations.
An economic concept that relates to a consumer's desire to buy items and services and willingness to pay a specific rate for them. A boom in the charge of a terrific or service has a tendency to decrease the quantity demanded. Demand can be defined as the amount of a commodity that a consumer is in a position and inclined to shop for, at each feasible fee, over a given period of time. critical elements of demand are amount, capability, willingness, fees, and time frame.
if a patron is hungry and buys a slice of pizza, the primary slice may have the best advantage or software. With every additional slice, the patron will become extra happy, and the application declines. In principle, the primary slice may fetch a higher rate from the patron.
The call for the feature is what describes a courting among one variable and its determinants. It describes how a lot of quantity of products is purchased at alternative costs of goods and associated goods, alternative income tiers, and opportunity values of different variables affecting demand.
Learn more about Demand here:
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