Answer:
Option D
All of the above
Explanation:
Price elasticity of demand is given as
Price elasticity of demand = % change in quantity demanded/ % change in price.
Change in quantity demanded will definitely lead to an increase in total revenue. Hence the formula can be revised to become:
Change in quantity demanded = Price elasticity of demand X % Change in price
<em>Option A : If Price elasticity of demand is 1.2 and the price of the good decreases.</em>
This will cause an increase in total revenue since we will be dividing by a reducing denominator
<em>Option B: price elasticity of demand is 3.0 and the price of the good decreases:</em>
This will cause an increase in total revenue since we will be dividing by a reducing denominator
Option C: price elasticity of demand is 0.5 and the price of the good increases:
This is a case of inelastic demand since price elasticity is < 1. In inelastic demand, the price of the good does not affect the change in demand significantly. This is the case of essential goods. Hence, the total revenue will still increase.
Answer:
you can't sorry lol ......
<span><span>Risks is lower
</span><span>Family and friends support
</span><span>Easier to allocate time resources
</span><span>Hiring young employees
</span><span>Lower costs
</span>Business innocence</span>
Answer and Explanation:
The computation is shown below:
a. Total assets is
= Capital + creditors
= 125,000 + 45,000
= 170,000
b. The ending capital is
= Capital - loss - drawings
= 170,000 - 3,700 - 1,800
= 164,500
The assets is
= Ending capital + creditors
= 164,500 + 45,000
= 209,500
The same should be considered
Answer:
these housing services contribute to GDP = $18000
Explanation:
given data
Tom pay rent = $8000
Sarah house rented = $10,000
solution
housing services contribute to GDP is express as
housing services contribute to GDP = Tom pay rent + Sarah house rented ............1
As GDP include both rent and estimate rent owner occupy home
put here value in equation 1 we get
housing services contribute to GDP = $8000 + $10000
housing services contribute to GDP = $18000
