Answer:
c. high because buyers generally feel that they can do without it
Explanation:
Income elasticity of demand measures the degree of responsiveness of quantity demanded of a product with respect to the change in the income of the consumer, keeping other factors affecting demand as constant.
It is represented as
=
A High income elasticity of demand conveys, a rise in the income of the consumer is accompanied by a higher increase in the quantity demanded. Similarly, a fall in the income of the consumer is accompanied by a greater fall in the quantity demanded.
Caviar fish is expensive and would be usually characterized as a luxury. Thus, if the income of the consumer falls, he will end up forgoing relatively higher quantity of caviar since the consumer believe it to be easier to do away without it.
<span>A market which is monopolistically competetive has an imperfect competition and characterized with many producers that sell products that are differentiated from one another. Because of this there are not perfect substitutes.</span><span>
So, the reason that the "fast-casual" restaurant market is monopolistically competitive rather than perfectly competitive is because </span>products are differentiated.
Answer:
Yes, any intentional misrepresentations by the applicant should be enough to permit the insurer to deny coverage for a loss even if the misrepresented fact had no relationship to the loss
Explanation:
This is because in case of any intentional misrepresentations the insurer gets a right of recession that is based upon fraud.
In this case the misrepresentation by Hamza voids the policy ab-initio (i.e. at its inception). This is because the misrepresentations by Hamza in this case were with regards to material facts related to the property and this misrepresentation may have induced the insurer to act and thus insure the property. Here the misrepresentations were that the property had a sprinkler system and always had a guard on duty. These two material misrepresentations led the insurer to make an incorrect risk assessment with regards to property and this incorrect and lower assessment of risk profile of the building led the insurer to provide insurance coverage.
Thus, we can conclude that even though the misrepresentations made by Hamza had no relationship to the loss but still the insurer can deny coverage in this case.
Answer:
Due date for submission of form 941 is 30th of June.
Explanation:
As per the monthly deposit schedule, the date of the depositing employment taxes on payments made during a month is 15th of the following month.
April Liabilities would be deposited on 15th of May.
May Liabilities would be deposited on 16th of June.
June Liabilities would be deposited on 15th of July.
And
Due date for submission of form 941 is 30th of June.
It is clear that Ms. Long is using the principle of scaffolding in her classroom.
This is a term in psychology coined by a famous psychologist Vygotsky. He believed that if we provide enough support for the children, while also giving them their independence, the children will soon succeed on their own, complete a task without our help. So here, Ms. Long knows that each of these students can help each other complete the task and thus improve their knowledge.