Answer: 10%, fall
Explanation:
Elasticity of demand = % change in Quantity demanded/ % change in price
therefore % change in Quantity demanded
=2 x 5= 10%
ii) fall , this is due to the decrease in demand which is more than the increase in price.
Answer:
it is b
Explanation:
because a net worth of a company will mot affect
Answer:
generic goods.
Explanation:
Generic goods -
It refers to the type of packaging , where only the type of product present inside the packet is written , rather than specifying the name of the brand , is referred to as generic goods .
For example ,
Mentioning the package with rice , cola , beans etc. , is the example of generic food .
Hence , from the given scenario of the question ,
The correct answer is generic goods .
This sale represent A MITIGATION OF DAMAGE.
The principle of the mitigation of damage states that a person who has suffered an injury or loss should take reasonable action where possible to avoid additional injury. The failure to take reasonable action to prevent further loss may result in reduction in the amount that the person can recover if the case is taken to court.
Answer:
The retained earnings at the beginning of the year was $ 2,253,000
.
Explanation:
Retained earnings at the end of the year = Retained earnings at the beginning of the year + Net income - Dividends
Retained earnings at the beginning = Retained earnings at the end of the year - Net income + Dividends
= $2,640,000 - $412,000 + $25,000
= $ 2,253,000
Therefore, the retained earnings at the beginning of the year was $ 2,253,000
.