Answer:
The correct answer is : False
Explanation:
The participation in local production might repress the growth of imports in a market for goods made of different types. The domestic demand constitutes a great proportion or potential import suppliers. The domestic industry may influence its reaction to import competition, the prevalence of multinational enterprises (MNEs) is important.
Answer:
Arc price elasticity of demand = -0.273
Explanation:
This problem is solved as follows:
1. Identify the data.
Outpatient visit Price / visit
Tokyo 1.25 / month 20y
Hokkaido 1.5 / month 10y
Outpatient visits equal the quantities demanded of the service. Therefore, we can say that:
Qt (Outpatient visits in Tokyo) = 1.25 / month
Qh (Outpatient visits in Hokkaido) = 1.5 month.
With the following prices:
Pt (Price in Tokyo) = 20y
Ph (Price in Hokkaido) = 10 y
2. Apply the formula to calculate arc-elasticity of demand:
We replace the data:
Final answer: -0.27275 or -0.273
Answer:
- Inventory
- Current Liabilities
Explanation:
The journal to record the given transaction is shown below:
Inventory A/c Dr $50,000
To Accounts payable $50,000
(Being the purchase of inventory is recorded)
Since the inventory is a purchase which increases the inventory so the respective account is debited and the account payable is credited as its increases in current liabilities
So, no impact on total stockholders
The answer & explanation for this question is given in the attachment below.
Answer:
C.Unit elastic
Explanation:
Unit elastic demand is the term that describes a scenario where a change in price causes a proportionate change in demand. It is one of the types of elastic demand. A good or service is said to have elastic demand if a small change in price causes a considerable change in the quantity demanded.
In the unit elastic demand, if a product price changes by a certain percentage, the demand will change by an equal percentage. In this scenario, a 7 percent price increase results in a 7 percent decrease in demand.
