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Sindrei [870]
3 years ago
14

An accountant increases the price he charges for his services by 14 percent. In​ response, the demand for his services decreases

by 6 percent. Will the​ accountant's revenue from his accounting services​ increase, decrease, or remain​ unchanged?
Business
1 answer:
blondinia [14]3 years ago
5 0

Answer:

Decrease

Explanation:

Given that

Change in quantity demanded = 6%

change in price = 14%

Price elasticity of demand = (Percentage change in quantity demanded) ÷ (percentage change in price)

= 6% ÷ 14%

= 0.42

Price elasticity of demand is greater than 1 that which means demand is elastic. Therefore the increase in price, the revenue will decrease because demand is elastic.

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zubka84 [21]

Answer:

Refer to the Article Summary. Implementing a negative interest rate policy, as is discussed in the article summary, would be designed to ___lower_____ the price level and ___improve_____ real GDP.

Explanation:

The Fed will consider negative interest rates when it wants to increase borrowing and lending during economic recessions.  The effects of a negative interest rate are the reduction of the cost of borrowing economy-wide and the increase of economic activity.  The increased economic activity will be achieved through increased investments and increased consumption spending.  Thus, banks and consumers are encouraged to lend and borrow more money so that the economy can spend its way out of recession.

6 0
3 years ago
Which of these contains data that identifies a product?
zmey [24]

Answer:

A. UPC

Explanation:

A UPC is an acronym for universal product code. UPC is typically used for the identification of a specific product and its manufacturer (vendor) through a unique code that is printed on the product.

Basically, a universal product code (UPC) comprises of two (2) main parts;

  • A machine-readable barcode that contains sets of vertical black lines.
  • A unique twelve (12) digit number placed beneath or adjacent to the machine-readable barcode.

The first six-digits of the UPC represents the manufacturer and is printed on all of its products while the next five-digits is the product's unique reference number (item number) and the last digit is typically known as a check digit, used for the verification of the authenticity of a UPC.

Generally, the universal product code are usually scanned with a barcode scanner and this makes it easier to identify a product, as well as its price.

<em>Hence, a universal product code (UPC) contains data that identifies a product. </em>

6 0
3 years ago
At the profit maximizing level of employment, the wage rate is _____ and the level of employment is _____: w3; q1 w2; q2 w1; q1
diamong [38]
The correct option is w1;q1.
<span>At the profit maximizing level of employment, the wage rate is W1 and the level of employment is Q1.</span>
4 0
3 years ago
Times-Roman Publishing Company reports the following amounts in its first three years of operation: ($ in thousands) 2021 2022 2
SVETLANKA909090 [29]

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Explanation:

Tax is made on a cash basis which means that a transaction is eligible for taxation once cash has been paid for it. Businesses however have to use the Accrual basis which only record transactions in the period that they have been incurred.

In this scenario, there is more subscription payment in cash than the company recognized which means that the company has not yet delivered the service they were paid for and so could not recognize the subscriptions. They will however be taxed on those amounts because the cash has come in.

The account giving this temporary difference is therefore the Unearned Subscription Revenue account.

8 0
2 years ago
U. S. Personal savings fell significantly during the 1980s and 1990s. Why didn’t the supply of loanable funds experience a simil
Wewaii [24]

Answer:

Increased foreign wealth and income

Explanation:

5 0
2 years ago
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