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AveGali [126]
3 years ago
6

A good’s price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are p

riced approximately the same, which one has the most elastic demand?
1. Sports car
2. Chemotherapy for cancer patients
Business
1 answer:
Ymorist [56]3 years ago
3 0

Answer:

Correct option is Sport car

Explanation:

Sports car will have a more elastic demand compared with the chemotherapy treatment for cancer patients.

The price elasticity of demand for a goods is also dependent on how you define the goods.

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the total estimated cost of attending a public year to year college is 2265. The cost of attending a college is expected to incr
Anna11 [10]
5% of 2265$ is 113,25$
Because 5% is 5/100 so 5 x 2265$ = 11325$
11325$ : 100 = 113,25$
Second year cost is the first year’s plus 5% so
2265$ + 113,25$ = 2378,25$ (second year cost)
8 0
2 years ago
Mr. Sanderson works for a chain of clothing stores. He gathers information so he can figure out the best way to organize the sto
STALIN [3.7K]

Answer:

C

Explanation:

3 0
2 years ago
Read 2 more answers
Which of the following are true if you pay only the minimum amount each month towards your credit card bill?a. You will be charg
BigorU [14]

Answer:

The correct answer is A and C as both are true statement.

Explanation:

Credit Card is a facility which is offered by banks to borrow money and it could be used by the borrower for buying expensive goods and the services up front. It has a time period, in which the borrower need to make payment for the amount used by the borrower along with the interest charged.

So, if the borrower paid the minimum amount towards the credit card, then the borrower is still in debt until clears or paid the whole amount and also will be charged the interest against the remaining balance or amount.

4 0
3 years ago
Romney's Marketing Company has the following adjusted trial balance at the end of the current year. No dividends were declared.
DerKrebs [107]

Answer:

Net income = $3,560

Explanation:

                                       Romney's Marketing Company

                                        Multi-step income statement

                               For the Year ended December 31 20YY

Sales revenues 37,250

Less: Cost of goods sold = 0

Gross profit                                                          = 37,250

Less: Operating expense:

Wages expense                                 = $19,000

Depreciation expense                       = $1,750

Utilities expense                                = $320

Insurance expense                            = $780

Rent expense                                     = $9,800

Total operating expense                   = ($31,650)

Add: operating income:

Rent revenue                                      =  $560

Total operating income                                         = $6,160

Other operating income

Interest revenue                                                    = 160

Net income before taxes                                      = $6,320

Income tax expense                                              = $2,760

Net income                                                             = $3,560

4 0
3 years ago
Sumiko files her tax return married filing separately. She has not lived with her husband for over two years. Beginning in Janua
Bezzdna [24]

Answer:

b. 7,200

Explanation:

600 x 12 =7200

4 0
3 years ago
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