What we own are asset, adjustments ensure that asset balances are reported
<h3>
What is an asset?</h3>
An asset is of worth that has economic value and future benefit. An asset can serve as a source of income generating money for present and future endeavors.
Therefore, what we own are asset, adjustments ensure that asset balances are reported
Learn more on assets here,
brainly.com/question/25821437
Answer: Price of cereals must fall by 12%
Explanation:
A 10% rise in the price of milk will lead to a fall in quantity demanded by =-0.9 * 10= 9%.
To prevent the demand for cereals from falling by 9%, the price of cereals must fall by
Thus, to offset the effect of a 10% rise in price of milk, the price of cereals must fall by 12%.
Price and non-price competition, depends what your choices are though
Answer:
c. Decreases.
Explanation:
Since the demand curve for a monopolist is like a normal demand curve with a negative slope, when the output increases the price decreases, as otherwise the monopolist would not be able to sell the additional units. This is why monopolists limit their production in order to charge maximum possible prices to earn economic profits.
Hope that helps.
Set savings and debt payoff goals
