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Agata [3.3K]
3 years ago
9

Which of the following is false? a. ​ In the long run, demand curves become more elastic b. ​ Products with many complements hav

e less elastic demand c. ​ Products with more close substitutes have more elastic demand d. ​ The demand for any individual brand is less elastic than industry aggregate demand
Business
1 answer:
matrenka [14]3 years ago
7 0

Answer:

d. ​ The demand for any individual brand is less elastic than industry aggregate demand

Explanation:

A consumer will change brand before leaving the market

as considering the consumer wants to maximize their utility it will always consume for that goal as the bran is a premium which provides utility as the price of that particular brand cuts form their competitors it will make the demad more elastic as i is cheaper to move toother suppliers

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Aleks04 [339]

Answer:

B. $32

Explanation:

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3 years ago
The GLBA gives customers the right to opt out of information sharing, and banks must provide customers with a reasonable opportu
Diano4ka-milaya [45]

Answer:

C) Asking the consumer to write his or her own letter to exercise that opt out right

Explanation:

The whole purpose behind the Gramm-Leach-Bliley Act (GLBA)was to allow customers the right to easily opt out of information sharing by the banks. That means that the banks are required to provide an easy way for a customer to do so, and writing your own letter might be easy for some people, but very difficult for others.

It is much easier to do it by phone, or by simply mailing back a detachable form. If the client knows how to use internet and emails properly, then the bank must provide an easy option to opt out through an email or an option that can be found in the bank's website.

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2 years ago
A customer got serious food poisoning from Chix Now restaurant on April 30, 20x2, necessitating a trip to the emergency room. On
vodka [1.7K]

Answer:

Yes the company must recognise the effects of this ruling.

Explanation:

As provided the law suit was initiated in the year 20x2, because of the activity happened in April 20x2.

Accordingly, company was already prepared for a liability of $100,000.

Whenever an event that occurs after the balance sheet is a mere confirmation to what was expected on balance sheet date, or is in alignment with things on record on the balance sheet date, it shall be provided in the balance sheet of that year.

In the given case the law suit was pending on the balance sheet date and was recorded as a liability then, now after the declaration by the judge, the additional liability of $20,000 shall be provided in the financial books of year 20x2.

7 0
3 years ago
On December 28, I. Greasy Catering Company completed $600 of catering services. As of December 31, the customer had not been bil
nikdorinn [45]

Answer:

a. Debit Accounts receivable for $600

Explanation:

As Greasy catering company provided services but had not got the bill from the customer, it increases an asset. According to the revenue recognition principle, revenue has recognized whenever it is provided not when the cash is received. In that case, the journal entry to record the transaction is -

Accounts receivable (Debit) $600

Revenue (Catering)  (Credit) $600

Accounts receivable is debit because the company owes the amount from the  customers.

8 0
3 years ago
There are more than 20 stores on a street in Sao Paulo that specialize in selling the same quality and brand of wheat products.
Pani-rosa [81]

Answer:

Pure competition

Explanation:

Pure competition is a market structure characterized by many competitors selling similar products. Due to the high competition, market forces dertermine prices. Pure competition is also referred to as perfect competition. The other features of pure competition include.

  1. There many buyers and many sellers who have access to market information
  2. There are barriers no entry and exit in the market
  3. Firms sell homogeneous products
  4. Firms cannot influence the market price. Firms are price takers.
  5. The units of production such are homogeneous and are freely moving.
4 0
3 years ago
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