1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xxTIMURxx [149]
3 years ago
14

The price elasticity of demand measures the:

Business
1 answer:
seropon [69]3 years ago
7 0

Answer:

The correct answer is letter "B": magnitude of the response in quantity demanded to a change in price.

Explanation:

Price elasticity of demand is the measure of how quantity demanded for a good or service changes as a result of changes in price. <em>Price elasticity of demand is calculated by dividing the percentage change in quantity demanded by the percentage change in price</em>. If the result is equal or greater than one (1) the good or service is elastic. If the result is lower than one (1), the product is inelastic.

You might be interested in
Which of the Ten Principles of Economics does welfare economics explain more fully?A. The cost of something is what you give up
Romashka-Z-Leto [24]

Answer:

A

Explanation:

8 0
3 years ago
Celine Dion Company issued $600,000 of 10%, 20-year bonds on January 1, 2020, at 102. Interest is payable semiannually on July 1
anzhelika [568]

Answer:

The Journal entries are as follows:

(a) On January 1, 2020

Cash A/c(6,000 bonds × $102) Dr. $612,000

         To Bonds payable                                  $600,000

         To premium on bonds payable             $12,000

(To record the issuance of the bonds)

Workings:

premium on bonds payable = $612,000 - $600,000

                                               = $12,000

(b) On July 1, 2020

Interest expense A/c                  Dr. $29,700

Premium on bonds payable A/c Dr. $300

        To cash A/c                                            $30,000

(To record the interest expense)

Workings:

Cash = $600,000 × (6/12) × 10%

         = $30,000

Premium on bonds payable = $12,000 ÷ 40 periods

                                               = $300

(c) On December 31, 2020

Interest expense A/c                  Dr. $29,700

Premium on bonds payable A/c Dr. $300

        To Interest payable A/c                            $30,000

(To record the accrual of interest expense)

8 0
3 years ago
Many factors influence a consumer’s purchase. Consumer behavior is affected by both interpersonal influences, which address ho
umka2103 [35]

Answer: A. True because everything has happened has many effects for many different behaviors in people’s lives.
7 0
3 years ago
On January 1, ABC sold $30,000 in products to a customer on account. Then on January 10, ABC collected the cash on that account.
____ [38]

Answer:

Collection of Cash on January 10

The Impact on ABC's accounting equation:

The Assets (Cash) will increase by $30,000 and another type of Assets (Accounts Receivable) will decrease by $30,000.

The collection of cash on January 10 does not affect the other side of the accounting equation.

Explanation:

The accounting equation shows that for every transaction, the Assets will be equal to the Liabilities + Owners' Equity.  The explanation is that the financial resources which an entity owns actually belong to either creditors or equity owners in the form of financial obligations (liabilities) or contributed capital plus some parts of the net income over the years which the entity has reinvested in its business.

The accounting equation is the fulcrum of the double-entry accounting system.  On a company's balance sheet, the accounting equation shows that assets equal the sum of the company's liabilities and shareholders' equity.

7 0
3 years ago
4. Classify each of the following products into either convenience, shopping, specialty or unsought goods: toothpaste, life insu
Oksi-84 [34.3K]

Answer:

  • Toothpaste - convenience
  • Life insurance - unsought
  • Sharp TV - shopping
  • Eggo Waffles - shopping
  • Lettuce - convenience
  • Coach handbag - specialty
  • Adidas soccer cleats - shopping
  • Furniture - shopping

8 0
3 years ago
Other questions:
  • As soldiers returned from Afghanistan, International Enterprises hired several qualified soldiers with hearing impairment to wor
    5·1 answer
  • Define the term conflict and share what impacts that conflict has on job performance.
    12·1 answer
  • An advantage of capitalism is that
    6·1 answer
  • A point on the production possibilities curve represents a combination of goods that is
    6·1 answer
  • What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500?A. Small au
    5·1 answer
  • Armour, Inc., an advertising agency, applies overhead to jobs on the basis of direct professional labor hours. Overhead was esti
    13·1 answer
  • During year five, estimated tax payments of$225,000 were paid and debited to prepaidtaxes. There were no differences betweenfina
    14·1 answer
  • Flexible exchange rate systems are calculated according to
    7·2 answers
  • During which phase must project teams address important considerations for managing information (and often end up updating busin
    5·1 answer
  • Find a current news article (within one week) related to business or technology. Your article can be from a newspaper, the
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!