Explanation:
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Answer:
$378,000
Explanation:
The answer to this question is quite simple
The Total Assets increase is $378,000
This is so due to the fact that the Notes Payable is $378,000 and there is no other transaction of liability
We have as net change on the asset to be $378000+$6900-_6900
This gives us = +$378000
Now this balances with a net increase in the 378,000 liability. Thus, the right answer is Total assets is going to increase by $378,000
Cross-elasticity of demand is a) the willingness to substitute other products.
If the goods are alternative products, the cross elasticity of demand is tremendous which means that demand for one product will increase when the charge of the alternative product will increase and vice versa
If the products are complementary, go elasticity of demand is terrible which means that once the fee of 1 product will increase, demand for the opposite product decreases and vice versa.
The go-rate elasticity formulation is an equation for calculating the pass-price elasticity of call for (XED) of separate services or products: go rate elasticity (XED) = (% change in call for of product A) / (% alternate of fee of product B), wherein merchandise A and B are exceptional services.
In economics, the pass elasticity of call for or go-price elasticity of demand measures the percentage change of the quantity demanded an awesome to the percentage change in the fee of another proper, ceteris paribus.
The cross elasticity of call for is an economic concept that measures the responsiveness in the amount demanded of one good while the fee for some other correct modifications.
Learn more about Cross-elasticity here brainly.com/question/22985521
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