Gross income is an individual's total personal income, before accounting for taxes or deductions. It is the starting point for determining Federal and state income tax of individuals, corporations, estates and trusts, whether resident or nonresident. Hope this helps.
Answer: Assuming there are a fixed amount of seats in the stadium, all seats are available to be sold, and the price of tickets before the ceiling was at an equilibrium point above $50.
The price ceiling will create a <u>SHORTAGE</u> of tickets, which will be greater if demand is more <u>ELASTIC</u>, and <u>THE SAME NUMBER OF</u> people will attend the events. Group of answer choices
If a firm, best computer buys, requires its customers to buy software from it whenever the customers purchase a computer, the company's policy is called a tying arrangement.
A tying arrangement occurs while, thru a technological or contractual requirement, a dealer conditions the sale or hire of one service or product on the purchaser's settlement to take a second service or product.
Tying under U.S. law has been defined as "a settlement with the aid of a party to sell one product however best on the situation that the purchaser also purchases a distinctive (or tied) product, or at least is of the same opinion that he'll not purchase that product from another provider."
When a seller requires buyers to purchase second products or services as a situation of acquiring first services or products, it could run afoul of the federal antitrust legal guidelines. This is called a tying association or tying agreement.
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Answer:
a. the demand curve will become flatter
Explanation:
<u>a. the demand curve will become flatter</u>
This means it will become more price sensitive and increases and decreases in the gasoline price will generate a greater increase or decrease in the quantity demanded over time.
<u>b and d without the precise formula for demand we can't be sure</u> that the new elasticity will impact the current equilibrium. It could happen or it could not.
c.- the demand curve will flatter, it will change it shape, not the location.
The correct answer for the question that is being presented above is this one: "c. Sale of $35 off and a successive discount of 10% off." The stores would you pay the least amount for an item that is priced $360 is that <span>c. Sale of $35 off and a successive discount of 10% off.</span>