If a buyer has a critical or more important use of the product then the inelasticity of the demand increases, then it is the importance of the product affecting elasticity.
A product is considered inelastic if its demand remains static even if there is a significant price change. It is generally the basic necessity product that are considered as inelastic product. Inelastic demand of the product ensures the adequate supply of goods. In inelastic demand case the quantity demanded is same despite the change in price and the demand curve is graphed out as a vertical line. These goods have no substitutes ensuring the quantity demanded remains unaffected.
In case of fall in the price, the demand remains same, generating less revenue. On the other hand, if price hikes, the business earns significant profit.
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Answer:
The answer is A. Ford Motor Company
Explanation:
Firms in the goods-producing sector produce tangible products. Tangible products are physical goods that can be touched. Examples are cars, tables, telephones etc
Of the options in the question, only option A (Ford Motor Company) belongs to a goods-producing sector. All other options are services-related sectors.
Based on the calculations, the measure of angle PON (∠PON) in equilateral triangle LMN is equal to 30°.
<h3>What is an equilateral triangle?</h3>
An equilateral triangle can be defined as a special type of triangle that has equal side lengths and all of its three (3) interior angles are equal.
Since triangle LMN is an equilateral triangle, the following applies:
LN = LM = MN
∠LNM = ∠L = ∠LM = 60°
OP // MN (O and P are midpoint).
∠NPO = 90° + (90° - 60°) = 120°
∠PNO = ∠LNP/2 = 60/2 = 30°.
Therefore, ∠PON is given by:
∠PON = 180° - (∠PNO + ∠NPO)
∠PON = 180° - (30° + 120°)
∠PON = 180° - 150°
∠PON = 30°
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Answer:
The journal entry is as follows:
Cash A/c Dr. $2,020,000
Discount on bonds payable A/c Dr. $59,216
To Bonds payable $2,000,000
To Paid in capital - stock warrants $79,216
(To record the issuance of the bonds and warrants)
Workings:
Cash:
= 2,000 × $1,000 × 101%
= $2,020,000
Discount on bonds payable:
= 2,000,000 - 2,020,000 × (980 ÷ 1,020)
= $59,216
Answer:
$ 226.04
Explanation:
Given:
Paying fund, FV = $ 30000
Interest rate, i = 2%
Time, t = 10 years
Now,
![\textup{PMT}=\textup{FV}[\frac{i}{(1+i)^n-1}]](https://tex.z-dn.net/?f=%5Ctextup%7BPMT%7D%3D%5Ctextup%7BFV%7D%5B%5Cfrac%7Bi%7D%7B%281%2Bi%29%5En-1%7D%5D)
since, the payment is made monthly
thus,
n = 10 × 12 = 120 months
i = 2% / 12 = 0.02 / 12
on substituting the values in the above equation, we get
![PMT={30000}[\frac{\frac{0.02}{12}}{(1+{\frac{0.02}{12}})^{120}-1}]](https://tex.z-dn.net/?f=PMT%3D%7B30000%7D%5B%5Cfrac%7B%5Cfrac%7B0.02%7D%7B12%7D%7D%7B%281%2B%7B%5Cfrac%7B0.02%7D%7B12%7D%7D%29%5E%7B120%7D-1%7D%5D)
or
PMT = $ 226.04