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Alla [95]
3 years ago
12

What effect does the availability of many substitutes have on the elasticity of demand for a good?

Business
1 answer:
zepelin [54]3 years ago
4 0
The availability of many substitutes increases the elasticity of demand for a good. With the presence of substitutes the consumer has more options to seek out if there are price changes, therefore, the consumer is highly responsive to price changes and thus the elasticity of the demand curve is higher if there are many substitutes. 
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Answer:

Explanation:

The adjusting entry is shown below:

Deferred Subscription Revenue A/c Dr $12,000

            To Subscription revenue A/c $12,000

(Being the deferred subscription amount is adjusted)

The computation is shown below:

= Number of subscriptions sold × sale price each × (number of months ÷ total number of months in a year)

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= $12,000

The four months are reported from the September 1 to December 31

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Answer:

Please find the complete question in the attached file.

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3 years ago
What is an advantage of using a competency-based pay plan? Employees tend to work harder. Salaries are easy to calculate. Employ
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Answer:

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Answer:

<em>The theoretical minimum number of workstations are five workstations</em>

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