The purpose of the Federal Reserve cutting interest rates during a recession is to encourage borrowing (borrowing becomes cheaper) and in this way especially for companies they may spend more money then on improvements, new products etc so the economy theoretically will be stimulated to counteract the recession.
Customers whose demand has a higher degree of price elasticity will pay less.
<h3>How Does Price Discrimination Occur and types of Price Discrimination?</h3>
Price discrimination is a marketing tactic where sellers charge clients various prices for the same good or service depending on what they believe will win the customer over. A merchant that practices pure price discrimination will impose the highest price possible on each customer. The more typical types of price discrimination involve the vendor classifying clients into groups according to particular characteristics and charging each group a different price.
There are three types of price discrimination:
First-Degree Price Discrimination: when a company charges the highest price per unit of consumption.
Second-Degree Price Discrimination: when a business offers discounts for large orders or imposes various prices on customers depending on how much they eat.
Third-Degree Price Discrimination: when a business charges varied prices to various customer segments.
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Thank you for posting you question here at brainly. I think the statement "<span>Consumers have certain rights that do not carry corresponding responsibilities." is false. Below are the right of the consumer:
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Right to Safety</span>
</span>
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Responsibility of Right to Safety</span>
</span>
<span>
<span>
Right to Be Informed</span>
</span>
<span>
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Responsibility of Right to Be Informed</span>
</span>
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Right to Choose</span>
</span>
<span>
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Responsibility of Right to Choose</span>
</span>
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Right to Be Heard</span>
</span>
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Responsibility of Right to Be Heard</span>
</span>
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Right to Redress</span>
</span>
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Responsibility of Right to Redress</span>
</span>
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Right to Consumer Education</span>
</span>
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Responsibility of Right to Consumer
Education</span>
</span>
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Right to Healthy Environment</span>
</span>
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<span>
Responsibility of Right to Healthy
Environment</span>
</span></span></span>
I think it might be C, I'm not sure but I think it is.
Hope this helped. Have a great day! :D
Answer:
Explanation:
journal entries in the books of AXE
jan 6 purchased goods from Green worth $1200 term 2/10 , n/30
Inventory a/c $1200
Accounts Payable - green $1200
jan 6 purchased goods from munoz worth $900
inventory a/c$900
Accounts Payable - munoz $900
jan 14 Payment being made to green. Since payment is made within 8 days so discount will be recieved by Axe( note term 2/10 means if payment is made within 10 days axe will recieve discount @2%)
Accounts payable - green $1200
Cash $1,176
discount recieved $ 24
( being discount recieved [email protected]% = $24)
Feb 2 payment made to munoz , since it is paid after 10 days no discount will be recieved
Accounts payable- munoz $900
Cash $900
feb 28 purchased goods worth $350 from reynold
Inventory $350
Accounts payable - reynold $350
