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vesna_86 [32]
3 years ago
15

If the price of gasoline is relatively high for a long time, consumers are more likely to buy fuel-efficient cars or switch to a

lternatives like public transportation. Therefore, the demand for gasoline is_____________.
Business
1 answer:
MissTica3 years ago
6 0

Answer:

More elastic

Explanation:

The options to this question wasn't provided. The full question can be found here: https://www.chegg.com/homework-help/questions-and-answers/price-gasoline-relatively-high-long-time-consumers-likely-buy-fuel-efficient-cars-switch-a-q14245431

The elasticity of demand measures the degree of responsiveness of quantity demanded to changes in price.

Demand is elastic when a change in price has a greater effect on the quantity demanded.

In the above question, a rise in price of gasoline would lead to a decrease in its demand, this indicates that the demand for gasoline is elastic.

I hope my answer helps you.

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At the beginning of 2018, the balance in Jackson Enterprises' Allowance for Uncollectible Accounts was $31,800. During 2018, the
Colt1911 [192]

Answer:

The answer is: Credit record to Accounts Receivable account

Explanation:

The Accounts Receivable account is an asset, usually it should be a current asset since it should be collected within a one year period. When assets increase, a debit record should be made. But in this case, the asset is decreasing since bad debts reduce the Accounts Receivable account. When an asset decreases, a credit record should be made.

6 0
3 years ago
The current market interest rate for $1,000, 10-year bonds of large corporations in the food industry is 6.3 percent. If a large
pochemuha

Answer:

Convertible bonds

Explanation:

One advantege of convertible bonds for the issuer is that bondholders are willing to accept a loxer interest rate because they have an option of converting their bonds to common stock.  

If a company wants to issue bonds at an interest rate that is lower than the current market interest rate, they should offer convertible bonds.

6 0
3 years ago
You are the CFO of a major pharmaceutical firm. A division manager has presented senior management with an investment opportunit
DochEvi [55]

Answer: $2.1 million

Explanation:

It is mentioned the project is independent of the outcome of general market  which means that

=> beta = 0

Using the CAPM formula which is,

r=rt + B* (rm -rf)

=> r = 3% + 0*(12%-3%) = 3%

Expected value of Project in one year = $1 billions * 0.1

Expected value of Project in one year = $100 millions

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NPV = 100/ (1 + 0.03) - 95

NPV = 97.1 - 95

NPV = $2.1 million

4 0
3 years ago
Read 2 more answers
The most important strategic issue for companies to resolve when competing in international markets is
klio [65]

Answer:

analyze the entry requirements necessary for the international market, mainly bureaucratic requirements such as regulations, policies and initial capital.

Explanation:

Before expanding the business to an international market, a company must analyze essential strategic issues, in order to know the viability of business internationally, because although internationalization is a competitive and strategic factor for the gain of positive results, there are important barriers to considered.

The first strategic issue to be analyzed is the bureaucratic process when establishing business in a different country, as there are regulations, policies and capital requirements that vary from one country to another and the company must analyze whether such barriers will be an impediment to organizational success, or they can be beneficial to the business.

4 0
3 years ago
A new business wants to set up its factories so that they produce low
Black_prince [1.1K]

Answer:

The business is demonstrating ethical environmental practices.

Explanation:

The business is being mindful of the environment.  Reduced carbon emissions are the remedy for global warming.  Owners of these factories care about future generations. Workers in the factories will be healthier as a result of more fresh air.

4 0
3 years ago
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