<u>Explanation:</u>
The revenue for the government is sourced through taxes. The government spends the tax money in three categories they are compulsory spending, discretionary spending and paying interest on the federal debt.
Mandatory spending by the government includes spending for medical aid, social security and other welfare programs such as unemployment, child nutrition programs, under privileged families etc. Discretionary spending is used for defense and non defense expenses. Non defense expenses are urban development. Veterans and students education are the other programs for which the government spends.
The correct answer is 2.4.
The simplest way to define elasticity of demand is by using the following formula:
Elasticity of Demand = Change in Demand / Change in Prices
Then, in our question we have:
Demand Elasticity = 12% / 5% = 2.4
Why is it called elasticity of demand?
An elastic product is one in which demand significantly shifts in reaction to price fluctuations. In other words, the product's demand point has expanded significantly from its earlier point. It is inelastic if the amount purchased fluctuates little when the price of the good or service changes.
What Does elasticity of demand tells us?
It reveals how much the quantity needed alters in response to pricing changes made by the company. The price elasticity of demand explains how the amount sought in the market changes when the price changes if we are evaluating a market demand curve.
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Answer:
Cost of goods sold= $410
Explanation:
Giving the following information:
November 1: 5 units for $20 each.
On November 2, they purchased 10 units at $22 each.
On November 6, they purchased 6 units at $25 each.
On November 8, they sold 18 units for $54 each.
The company uses LIFO (last in, first out) as an inventory method.
Cost of goods sold= 6units*25 + 10units* 22 + 2units* 20= $410
Performing calculations and using equipment
Cash float from investing activities is a area of the money go with the flow statement that shows the money generated or spent referring to to funding activities. Investing activities include purchases of bodily assets, investments in securities, or the sale of securities or assets.
<h3>What three major things to do affect the money flows of a business?</h3>
The three categories of cash flows are operating activities, investing activities, and financing activities.
<h3>Which of the following is an instance of a money out glide for a business?</h3>
Obvious examples of cash outflow as skilled through a large vary of corporations consist of employees' salaries, the renovation of business premises and dividends that have to be paid to shareholders. The opposite of cash outflow is cash inflow, which refers to the cash coming into a business.
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