AWS cloud feature will help resolve this issued as<u> Elasticity.</u>
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<h3>What is elasticity ?</h3>
Elasticity is an economic measure of how sensitive one economic factor is to changes in another. For example, changes in supply or demand to the change in price, or changes in demand to changes in income.
<h3>What is Hooke's law of elasticity?</h3>
Hooke's law, law of elasticity discovered by the English scientist Robert Hooke in 1660, which states that, for relatively small deformations of an object, the displacement or size of the deformation is directly proportional to the deforming force or load.
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Answer:
d. Market clearing price will fall, and equilibrium quantity will fall.
Explanation:
Inferior goods are those goods which do not behave normally to market.
As with increase in consumer spending capacity, their demand decreases.
Accordingly with decrease in demand , the prices will fall.
Thus, either Statement b is correct or statement d.
Since demand and price both tend to fall, the equilibrium quantity will fall for the same, as the demand will be low, the equilibrium quantity will fall to meet the demand level.
Thus, Statement D is correct.
This is an example of Churning.
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What is Churning?</u></h3>
- Churning, or excessive trading of assets in a client's account by a broker to generate commissions, is an unlawful and unethical practice.
- Churning cannot be quantified, it may be demonstrated by the repeated purchasing and selling of stocks or other assets that fall short of the client's investing goals.
- Churning is the practice of exchanging assets excessively in a client's brokerage account in an effort to earn commissions.
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Answer:
At December 31, Black should record interest revenue of: $545
Explanation:
Black Company receives a 10% interest bearing note from Reese Company to settle an $21,800 account receivable.
The amount of the interest per year = 10% x $21,800 = $2,180
At December 31, following 3 months, the interest accrual = $2,180/12 x 3 = $545
Journal entries to record the interest accrual:
Debit Interest receivable $545
Credit Interest revenue $545