Answer:
1.5
Elastic
Explanation:
Income elasticity of demand measures the responsiveness of quantity demanded to changes in income.
Income elasticity of demand = percentage change in quantity demanded / percentage change in income.
6 / 4 = 1.5
The income elasticity of demand is elastic
I hope my answer helps you
Answer:
total long term debt: 24,000,000
Explanation:
the 1988 bonds will be long-term debt as there is no suggestion to the option to be exercised.
The 1978 bonds will be current liabilities as they matures at 2012
which is within the twelve months time period to be classified as current laibily.
the note payable has an agreement with the bank to not claim it at least until June 2012 The most probable reason is that the 1978 bonds are generating this situation, so once they are retired the normal 2 to 1 ratio will be acomplished, so the note payable will be kept at long term debt
but a note tothe financial statemtn should be made
Long term debt:
1988 bonds: 10,000,000
note payable 14,000,000
total 24,000,000
The correct answer is A. deskilling
Deskilling is a process in which skilled workers are replaced by technological advancements which make the worker obsolete.