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damaskus [11]
3 years ago
11

Assume that new technology develops a substitute for DVDs. How will the price elasticity of demand for DVDs be impacted?

Business
1 answer:
Phoenix [80]3 years ago
3 0

<u>Answer:</u>

b. The appearance of a substitute for DVDs with increase the elasticity coefficient for DVDs.

<u>Explanation:</u>

"Price elasticity of demand" refers to the proportion of a product's percentage change in demand quantity in relation to the percentage change in the good's price. Rates are fixed in a market economy by commodity supply and demand factors.

Markets consist of producers and consumers. Our analysis of buyers' behaviour is focused on demand curves; supply curves reflect sellers' behaviour. The lesser the good's price, the greater the quantity consumers want to buy, as per the “law of demand”.

If a new technology substitutes the DVD, which leads to decrease in their demand. This further leads to the increase in price. Assuming the elasticity is 3.0, a price increase of 10 percent will lower the demand quantity by 30 percent (30 percent/10 percent or 3.0). Thus, the DVD’s elasticity coefficient will increase.

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<em>Incomplete question. </em><em>Here's the full part of the question:</em>

<em>*Artur, who has a disability, is an employee of banquet & event facilities & services, inc. after the installation of new doors on the entrance to banquet's hall, artur finds it nearly impossible to enter and exit. for repeatedly failing to be on time, banquet replaces artur with carter, who does not have a disability.</em>

<em>Refer to Fact Pattern 18-2. To successfully defend against Artur's claim, Banquet will have to show that:"</em>

Answer:

<u>Banquet cannot make changes to the doors without undue hardship to Artur</u>

Explanation:

Their defense is only reasonable if they claim that it acted in the best interest of Artur to replace him since it cannot make changes to the doors without causing him undue hardship because of his disability. Thus the decision was taken to avoid putting him under immense stress.

7 0
3 years ago
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The 2016 financial statements of The New York Times Company reveal average shareholders’ equity attributable to controlling inte
Umnica [9.8K]

Answer:

E. There is not enough information to calculate the ratio.

Explanation:

It's necessary the information about the other partner or what it's the total amount of shareholders’ equity to calculate the net income attributable to New York Times.

The only information available it's shareholders’ equity attributable to controlling interest which means there is other part which have the rest.

5 0
3 years ago
On October 1, 2020 Bonita Industries issued 5%, 10-year bonds with a face value of $8090000 at 103. Interest is paid on October
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Answer:

a credit of $242700 to Premium on Bonds Payable

Explanation:

Based on the information given The journal entry to record the issuance of the bonds would include a credit of $242700 to Premium on Bonds Payable which is calculated as:

Premium on Bonds Payable=[($8090000*103%)-$8090000

Premium on Bonds Payable=8,332,700-$8090000

Premium on Bonds Payable=$242700

Therefore The entry to record the issuance of the bonds would include a credit of $242700 to Premium on Bonds Payable

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3 years ago
In most societies, resources are allocated by
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In most societies, resources are allocated by the combined action of millions of households and firms.
Resources are very important to setup and build societies. Resources are scare and this is the reason why societies and households faces many decisions. How societies manage scare resources, we study this in economics.
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3 years ago
the cost of land improvements are capitalized separately from land because land improvements tend to have a useful life.
lisabon 2012 [21]

Land improvements are capitalized separately from Land because land improvements have only a limited useful life.

Land is a special fixed asset which means that:

  • It is purchased for long term use
  • It is not depreciated because it lasts forever

Land improvements on the other hand, will not last forever. They will eventually wear out and need to be replaced. They are therefore capitalized separately from land so that they can be depreciated if need be.

In conclusion, land improvements are capitalized separately from land because they have a limited useful life.

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