Yes and no.the store will hold the dress for a certain amount of time before letting go.although whether the store really holds it would be most likely no<span />
Answer:
False
Explanation:
Purchasing power increases by amount of deflation (negative inflation). So, while inflation lowers purchasing power, deflation increases purchasing power by amount of deflation.
Increase in purchasing power = 7%
Answer:
A. Interest rates rise.
C. There is an economic boom overseas that raises the incomes of foreign households.
Explanation:
Option A - It is correct because if the interest rate increases, consumer spending will decline. Therefore, the aggregate demand curve will shift to the left.
Option B - If the government reduces the personal income tax, the consumers will spend more, it will lead the aggregate demand to the right. So, it is wrong.
Option C - Foreign households' income will lead to more savings. Therefore, spending will decline. So, it is the correct statement.
Option D - It is incorrect because corporate profit tax will not consider in the aggregate demand.
Answer:
MC = $17
P = $25.5
Explanation:
We proceed as follows;
Firstly calculate MC when e = -2, where MR = MC
(P-MC) / P = 1 / IeI
Here P = $34 and e = -2
(34 - MC) / 34= 1/ I-2I
(34 - MC) / 34= 1 / 2
78-2MC = 34
2MC = 34
MC = 34/2
MC = 17
Now, as we have MC, we will calculate the new price when e = -3
(P-MC) / P = 1 / IeI
(P - 17) / P = 1 / I-3I
(P - 17) / P = 1 / 3
3P -51 = P
2P = 51
P = 51/2
P = 25.5
Answer:
Dr Office supplies expense $15,000
Cr Office supplies $15,000
Explanation:
Given the above information, we can compute the proper adjusting entry as;
= ( Transfer $12,000 + $8,000 - $5,000)
= $15,000 from office supplies expense
Therefore, the proper adjusting entry is;
Dr Office supplies expense $15,000
Cr Office supply $15,000
