Answer:
demand; inelastic
Explanation:
Price discrimination is when a seller charges different prices for the same product in different markets. Price discrimination is usually practised by monopolists. The aim of price discrimination is to eliminate consumer surplus.
A seller would usually charge a higher price to a consumer whose demand is price inelastic. This means that the quantity demanded is less sensitive to changes in price.
If the seller charges a higher price to a consumer whose demand is price elastic, the consumer would reduce the quantity demanded as a result of the rise in price and the total revenue of the seller would fall.
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Answer:
are a - tool - construction workers use
Answer:
Explanation:
The journal entries are shown below:
a) April 1, 2012;
Dr Cash A/C. $290,000
Dr finance charge $10,000
Cr payable $300,000
($500,000 × 2% = $10,000)
b)
Dr Cash A/c $350,000
Cr Account receivable $350,000
c)
Dr payable $300,000
Dr interest expense $7,500
Cr Cash $307,500
(10% × $300,000 × 3/12 = $7,500)
Answer:
The correct answer is C
Explanation:
Demand for business products is referred to as the derived demand, which means that the firm or business bought the products to be used while producing the products of customer.
And a small decrease or increase in the demand of the consumer could produce the larger change in the demand for the manufacturing equipment and facilities required to make the product for consumer.
So, the needs of the customer states that the demand for the business product is derived.
Answer:
Dr. Cr.
January 1, 2019
Cash $1,000,000
Note Payable $1,000,000
Explanation:
Bond issued for $1,000,000 and cash received against it. So, cash id debited and a liability is created in this event. Interest accrued will be charged as interest expense at the end of period.
