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3 years ago

What kind of elasticity is associated with the quantity and price effects exactly offsetting one another?

1 answer:

6 0

The kind of elasticity related is called cross price elasticity of demand which is a measure of how much the quantity demanded of one good responds to a change in the price of another one and this is computed as the percentage change in quantity demanded of the first good divided by the percentage change in the price of the second good.

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Suppose that the price of wheat is above its equilibrium price. You would expect to see __________- A) an increase in quantity d

disa [49]

Answer:

The correct answer is letter "B": a leftward shift of the demand curve because of the high price.

Explanation:

The equilibrium price represents the point at which buyers' demand and sellers supply face each other because both parties' needs are satisfied. If the price of a given product is higher than the equilibrium level, the quantity demanded is likely to decrease which directly implies a leftward move in the demand curve.

8 0

3 years ago

risk is the risk of a decline in a bond's value due to an increase in interest rates. This risk is higher on bonds that have lon

Ipatiy [6.2K]

Answer:

Price risk is the risk of a decline in a bond's value due to an increase in interest rates. This risk is higher on bonds that have long maturities than on bonds that will mature in the near future.

Reinvestment risk is the risk that a decline in interest rates will lead to a decline in income from a bond portfolio. This risk is obviously high on callable bonds. It is also high on short-term bonds because the shorter the bond's maturity, the fewer the years before the relatively high old-coupon bonds will be replaced with new low-coupon issues.

Which type of risk is more relevant to an investor depends on the investor's investment horizon, which is the period of time an investor plans to hold a particular investment.

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4 years ago

The following trial balance of Oriole Co. does not balance.

Neko [114]

Preparation of a correct trial balance of Oriole Co.

ORIOLE CO. Trial Balance

June 30, 2020

Debit side

Cash $3,305

Accounts receivable $2,666

Supplies $300

Equipment $5,110

Dividends $980

Wages expense $3,900

Office expense $1,345

Total debit balance $17,606

Credit side

Accounts payable $2,605

Unearned service revenue $875

Common stock $6,405

Retained earnings $3,405

Service revenue $4,316

Total Credit balance $17,606

•Cash = $3,275 + $750 - $570 -$75 - $75= $3,305

•Accounts receivable =$2,846 - $750 + $570 =$2,666

•Supplies =$1,205-$905 =$300

•Equipment =$4,205 +$905 =$5,110

•Accounts payable =$3,071- $206 -$260 =$2,605

•Unearned service revenue =$1,605 -$730 =$875

•Service revenue =$2,785 +$890 - $89 +$730 = $4,316

•Wages expense =$3,805 +$1,075 -$980 =$3,900

Learn more here:

brainly.com/question/21497457

7 0

2 years ago

Which type of data consists of objective responses that a business can measure for market research purposes?

Gre4nikov [31]

Answer: structured or quantitative

Explanation: i just took the test ( for PLATO users )

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3 years ago

Sainyo na points oh

Anit [1.1K]

Answer:

yes I'll hshsbdhdhdsnsbs

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3 years ago