Answer:
shifting the aggregate demand curve to the right.
Explanation:
The measures that change in prices of a basket of goods and services in a given year include option D: inflation.
<h3>
What do you mean by term Inflation?</h3>
The term inflation is defined as the rise in the prices of goods and services in an economy.
The average change over time in the prices paid by urban consumers for a market basket goods and services of consumer is measured by the consumer price index.
Therefore, correct option is D.
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Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the given data are as follows:
Investing in business = $40,000 in exchange of common stock
This shows that, when investing in business cash is being debited and as cash is being used to buy common stock so, Common stock is being credited in journal entry.
So, the journal entry that Innovation consulting will make are as follows::
Journal Entries
Particulars Debit Credit
Cash $40,000.00
To Common stock $40,000.00
Hence, this shows the correct answer is option (B).
When the price elasticity of demand for a good is very elastic, the quantity demanded <u>is curved flat</u> to a change in price and the demand curve is relatively <u>higher</u>.
The demand for an excellent is stated to be elastic (or notably elastic) whilst its PED is extra than one. In this case, adjustments in price have a greater than proportional effect on the quantity of a good demanded.
The perfectly elastic demand curve is horizontal straight line. this is because on the given fee the quantity demanded is countless, even supposing there is a slight exchange within the fee the demand turns into infinity, and consequently the curve is flat.
Whilst the fee elasticity of call for a good is perfectly inelastic (Ed = 0), changes within the price do now not affect the amount demanded for the good; raising costs will continually motive total revenue to grow.
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