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vodomira [7]
3 years ago
15

Coffee and tea are substitutes in consumption. If there is an increase in the price of coffee, assuming a positively sloped supp

ly curve and a negatively sloped demand curve, total surplus in the tea market _________.
Business
1 answer:
exis [7]3 years ago
5 0

Answer:

Will increase

Explanation:

Substitutes are the goods which have high elastic demand or positive cross elasticity of demand. An increase in price substantially affects the demand for a substitute good. For example, if tea and coffee are substitutes, an increase in the price of coffee will increase the demand for tea and the overall surplus in the team market.

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A: The bus driver was walking. I never said that he was driving.

8 0
3 years ago
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Amerigo grew up speaking both English and Italian with his family, and he believes that knowledge of more than one language is a
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Explanation:

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3 years ago
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Preparing Adjusting Entries, Financial Statements, and Closing Entries
strojnjashka [21]

Answer:

1. Cash (Dr.) $145,850

Sales (Cr.) $145,850

2. Purchases (Dr.) $76,200

Accounts Payable (Cr.) $76,200

3. Accounts Payable (Dr.) $4,100

Cash (Cr.) $4,100

4. Prepaid Rent (Dr.) $24,000

Cash (Cr.) $24,000

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Cash (Cr.) $12,500

Wages Expense (Dr.) $350

Wages Payable (Cr.) $350

6. Depreciation Expense (Dr.) $1,700

Accumulated Depreciation (Cr.) $1,700

Explanation:

Journal entries are recorded for the business transactions. These transaction incurred in the business are recorded in the books of accounts. These journal entries then create Ledger and Trial balance.

3 0
3 years ago
Cavy Company accumulated 580 hours of direct labor on Job 456 and 850 hours on Job 777. The direct labor was incurred at a rate
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Answer:

$30,800

Explanation:

Dr Work in progress 30,800

Cr Wages payable 30,800

Direct labour hours × Per direct labour hour

Job 456

580×15 = 8700

Job 777

850×26= 22100

22,100 + 8,700 = 30,800

7 0
3 years ago
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Answer:i dont answer

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