Answer:
c. measures changes in quantity demanded more accurately than elasticity.
Explanation:
Base on the scenario been described in the question, slope measures changes in quantity demanded very accurately compared to elasticity. The main for this reason is that m, slope and elasticity are not the same concepts. Slope evaluates the
flatness or steepness of a line in terms of the evaluating units for price and quantity, while elasticity evaluates the relative response of quantity to changes in price.
Explanation:
when a payment is made the entries recorded are debit prepaid expenses
Answer:
b. that they agreed to purchase.
Explanation:
A minor is a person who is under the age of 18 and unable to make decision on his own such as mentally impaired or incompetent persons .
A minor cannot enter a contract like adults but if under any circumstance they enter into a contract of sale purchase of daily goods like clothing etc, they are liable to pay the price which they agreed to pay.
Their parents are liable only if the contract was made according to the parent's will etc.
If the minor is unable to pay the agreed amount then the minor should return the goods or fulfill any other liability as imposed by the court of law.
The demand for cheap pizza will <span>decrease because demand for cheap pizza is negative related to income.
a relation could be considered as negative if the correlation between two events opposing one another. As students finds high paying job, they are now able to buy more expensive pizza, which means that a number of customers for cheap pizza will be decreased</span>
Answer:
$1,245,000
Explanation:
The computation of the amount reported as the pension liability is shown below:
= Ending balance of Projected benefit obligation - Fair value of pension plan assets
= $3,760,000 - $2,515,000
= $1,245,000
We simply deduct the fair value from the ending balance of projected benefit obligation that the amount reported could be come
