Answer:
Estimated as Elastic Demand
Explanation:
Elastic demand is where a change in price causes a significant change in demand, therefore 20 hats to 15 hats can be considered significant and we can conclude that it's elastic demand.
The answer is they quickly find themselves on a slippery slope with no higher order moral compass if they operate in countries where ethical standards vary considerably from country to country when companies that adopt the principle of ethical relativism in providing ethical guidance to company personnel.
Answer:
It’s trust you have in getting back the money that was borrowed
Explanation:
It’s trust you have in getting back the money that was borrowed
Answer:
The correct option is (B)
Explanation:
Cost of goods sold the cost attributed to goods produced by the organization. Cost of goods sold is incurred by organizations that manufactures a tangible product. Service firms do not incur any cost on goods sold as they do not need any raw material to manufacture goods.
Cost of goods sold is an expense and not an asset as it is a cost incurred to manufacture assets for the organization.
Therefore, correct option is (B)
A 5 percent increase in the price of milk that results in a 2 percent decrease in the quantity of milk demanded yields a price elasticity of demand for milk of <u>"0.4".</u>
Price Elasticity of Demand (PED) is characterized as the responsiveness of amount requested to an adjustment in cost. The interest for an item can be versatile or inelastic, contingent upon the rate of progress in the interest regarding the adjustment in the cost.
Price Elasticity of Demand (PED) = percentage in Q.D / percentage change in price
by putting the given values in formula;
PED = 2/5 = 0.4
