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Contact [7]
4 years ago
14

"Total revenue equals the price multiplied by the quantity. The relative change price and quantity is given by the concept of __

______________."
Business
1 answer:
Flura [38]4 years ago
7 0

Answer:

Elasticity

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded.

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

I hope my answer helps you

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Refined Grains, Inc., agrees to sell to Sunny Cereal Company a certain quantity of refined oats each week but no mention is made
ICE Princess25 [194]

Answer:

Option A                              

Explanation:

As per the uniform commercial code set by the appropriate government agency of America, delivery of any commodity whether tangible or intangible should take place at the business facility of the supplier. Such facility could be a warehouse or a shop etc. However this is a guideline and not a rule which must be followed.

Thus, from the above we can conclude that the correct option is A.    

4 0
3 years ago
Many influential economists, politicians, and business leaders think that a shift toward a more integrated and interdependent gl
gavmur [86]

Answer:

Many influential economists, politicians, and business leaders think that a shift toward a more integrated and interdependent global economy is a good thing. there is evidence to support the theory that falling barriers to international trade and investment drive the global economy toward greater prosperity. there are, however, critics who argue against globalization. anecdotes, evidence, and arguments can be collected to support each side of the debate.

Without mincing words, in the real world everyone knows that politics controls economics, businesses among others. The global economy as at today is general controlled by politics as the most powerful country of the controls the economy. e.g the issue that generated lots of discussion around the globe in the last few months between iran and USA which makes the oil price to be skyrocket as a result of imminent war between both countries.

Explanation:

8 0
3 years ago
Inexpensive goods and services, which take very little consideration on the part of consumers and consumers frequently purchase,
nlexa [21]
Its called convenience products
4 0
3 years ago
Metlock, Inc. sells merchandise on account for $2000 to Morton Company with credit terms of 2/8, n/30. Morton Company returns $6
Hatshy [7]

Explanation:

The journal entry is shown below:

Cash A/c Dr $1,372

Sales Returns and Allowances A/c Dr $600

Sales Discounts A/c Dr $28

               To Accounts Receivable A/c $2,000  

(Being the cash is received)

The computation is shown below:

For sales discount

= (Sales value of merchandise - returned goods) × discount rate

= ($2,000 - $600) × 2%

= $28

And, the remaining balance is debited to the cash account

   

6 0
3 years ago
Which of the following statement about communication is true? a. In a business scenario, communication occurs only during the le
love history [14]

Answer:

c. ​It is necessary to have an agreement for an effective communication

Explanation:

The communication is basically a two way communciation where the sender send the message and the receiver received the message by decoding the message sended by the sender

When the communciation starts so there is an agreement i.e. necessary between the parties to have an effective communication

hence, the correct option is c.

8 0
3 years ago
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