Answer:
C) Identify distinct goods and/or services as separate performance obligations.
Explanation:
This refers to allocating different prices to several related activities that are part of one single large project or transaction. When you do this, you must specify which parts, goods or services you will require and at what specific prices. E.g. you agree to purchase uniforms for a football team, you will pay X amount when the helmets are delivered, another amount for the shoes and finally an amount for the uniform. The school will pay as the different products are delivered.
Answer:
Option (d) is correct.
Explanation:
Given that,
Elasticity of demand for Good A = −3
Percentage decrease in quantity demanded for Good A = 33%
Elasticity of demand for Good A = Percentage change in quantity demanded for Good A ÷ Percentage change in price of Good A
-3 = - 33 ÷ Percentage change in price of Good A
Percentage change in price of Good A = (-33) ÷ (-3)
= 11%
Therefore, percentage increase in price of good A is 11%.