Draw a curve that shows the relationship between quantity and total revenue when the demand curve for umbrellas is linear increases.
If demand is elastic (price elasticity > 1), price and total sales are negatively related. In other words, an increase in price leads to a decrease in total sales.
Revenue is the amount of money generated WITHOUT subtracting the costs of business. In economics, the total sales test is a means of determining whether demand is elastic or inelastic. If an increase in price leads to an increase in total sales, demand is said to be inelastic because the increase in price does not significantly affect the quantity demanded.
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Answer:
A tariff on imported cars
Explanation:
Answer:
the answer is option C) The conceptual model helps in organizing the data requirements.
Explanation:
The conceptual model is generic in nature an dis used majorly for databases.
The strength of the conceptual model lies in its ability to understand and accurately organize data for an organization.
It is also a powerful analytic tool for processing data into desired information that supports the need of the organization using it.
To achieve data organization and analysis, the conceptual model simulates the characteristics of the objects.
Answer:
Call in Arrear
The company calls for money from shareholders when needed within a certain period. If the shareholder is not able to pay the call amount due on an allotment or on any calls according to the terms before or on the specific date fixed for payment, such amount is taken as 'call in arrears'.
Explanation:
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