x = -17/2 or (decimal form) -8.5
Hope that helps!
Answer:
d. $1,647
Explanation:
The computation of the ending inventory using the FIFO method under the periodic inventory system is shown below:
But before that first we have to determine the ending inventory units which is
= Beginning inventory + first purchase units + first purchase units + first purchase units - sold units
= 7 units + 17 units + 20 units + 18 units - 35 units
= 27 units
Now the ending inventory is
= 18 units × $62 + 9 units × $59
= $1,116 + $531
= $1,647
The availability of many substitutes increases the elasticity of demand for a good. With the presence of substitutes the consumer has more options to seek out if there are price changes, therefore, the consumer is highly responsive to price changes and thus the elasticity of the demand curve is higher if there are many substitutes.
Not necessarily. economic stability is a result of many factors that can contribute to the GDP of the economy. Although technological advances can help, it does not right away bring the economy stability as there are other factors involved so i would day false
