a) Assets and stockholders equity will increase
b) Cash will decrease
c) Assets and liabilities both will increase.
d) Assets and stockholders equity will increase.
e) Both assets and liabilities will decrease.
What is Asset?
In economics, demand is the quantity of an item that customers are willing and able to purchase at various prices at a certain time and place. The link above relative price demand is sometimes referred to as the demand curve.
Therefore,
Describe how the following business transactions affect the three elements of the accounting equation.
a) Assets and stockholders equity will increase
b) Cash will decrease
c) Assets and liabilities both will increase.
d) Assets and stockholders equity will increase.
To learn more about Asset from the given link:
https://brainly.com/question/19440080
#SPJ4
lululemon sells high-end workout clothing. people are willing to pay high prices because of the clothing styles and the customer service received. these stores use .
These stores use a differential strategy as it known that people are willing to pay high prices because of the clothing styles and the customer service received.
What is a differential strategy?This refers to an approach businesses develop by providing customers with something unique, different and distinct from items their competitors may offer in the marketplace. The importance of differential strategy in marketing is that it provides a superior level of value to your customers and helps your company to distinguish itself in the marketplace.
Therefore, the stores use a differential strategy as it known that people are willing to pay high prices because of the clothing styles and the customer service received.
Read more about differential strategy
brainly.com/question/14682824
#SPJ1
lorena considers coffee and tea to be substitutes. therefore, the cross elasticity, also known as cross price elasticity, of demand between coffee and tea for lorena must be:
A positive cross elasticity of demand means that the two goods are substitutes.
What is elasticity of demand?
Demand elasticity, often known as the elasticity of demand, gauges how consumers react to changes in price or income. Due to the fact that the price of a good or service is the most typical economic component used to measure it, it is frequently referred to as price elasticity of demand.
Therefore,
Lorena considers coffee and tea to be substitutes. therefore, the cross elasticity, also known as cross price elasticity, of demand between coffee and tea for lorena must be:
A positive cross elasticity of demand means that the two goods are substitutes.
To learn more about elasticity of demand from the given link:
https://brainly.com/question/3088914
#SPJ4
which geologic hazard occurs in all 50 states and causes $1 billion to $2 billion in damages annually?
Landslides is the geologic hazard occurs in all 50 states and causes $1 billion to $2 billion in damages annually.
What is a landslide?The landslide can be defined to be the movement of the mass of rock that would cause the downward sloping movement of the soil and the rock that is underneath.
Gravity is the main cause of landslides. They are a form of what is called land wasting. Hence we can say that Landslides is the geologic hazard occurs in all 50 states and causes $1 billion to $2 billion in damages annually.
Read more on landslide here: https://brainly.com/question/448340
#SPJ1
understanding that a benefit of ethical conduct is profits, how is unethical conduct detrimental to profitability?
Unethical conduct is detrimental to profitability as the customers will not trust the business and as there are no or fewer customers the profit will go down.
Ethical conduct refers to the behavior of the organization with the public should be ethical. It is very easy to make more money by cheating the customer because the customer does not know you. The question arises will this customer ever come back to us? So in making a profit for the one-time deal we sill lose a customer forever.
So ethical conduct results in profit for the organization on a long-term basis. Not only will this customer buy from us they will also refer other customers to buy from us. In this way, the profit of an ethical organization increases manifold. The customers of the unethical conduct organization will not only not come back to us but if anyone asks them they will advise them also not to approach the organization.
Learn more about ethical conduct here:
https://brainly.com/question/14767786
#SPJ4
The two caveats of the sullivan principles are first, a company should not obey the apartheid laws in its own south african operations and second, a company should.
The two caveats of the Sullivan principles are first, a company should not obey the apartheid laws in its own south African operations and second, a company should do everything possible to abolish apartheid laws.
What are the Global Sullivan Principles?The Global Sullivan Principles aim to support economic, social, and political justice by businesses where they operate; to support human rights and encourage equal opportunity at all levels of employment, including racial and gender diversity on committees and boards; to train and advance disadvantaged workers for technical, supervisory, and management opportunities; and to promote greater tolerance and understanding among people.
To know about Sullivan Principles visit:
https://brainly.com/question/12169268
#SPJ4
you are thinking about quitting your job to go back to school. which of these is not associated with an opportunity cost?
You are thinking about quitting your job to go back to school. The answer choice that is not associated with an opportunity cost is Costs of going to school.
What is an Opportunity Cost?This refers to the foregone alternative that is made when making a purchasing decision.
Hence, we can see that You are thinking about quitting your job to go back to school. The answer choice that is not associated with an opportunity cost is Costs of going to school.
This is because going to school is the priority and not a foregone alternative and as such, the opportunity cost here would be the job which you quit.
Read more about opportunity cost here:
https://brainly.com/question/8846809
#SPJ1
americans pay federal, state, and local governments nearly percent of every dollar they earn in taxes.
nearly 41.1 percent of every dollar they earn in taxes.
the required details about taxes is given in below link
In the United States, the primary source of tax revenue was from individual income taxes (federal, state, and municipal).
sources of US tax revenue.
The United States relies substantially more on individual income taxes and property taxes than the OECD average. Individual income taxes generated 41.1 percent of total tax revenue in the United States, compared to an average of 24 percent in OECD countries—a 17.1 percentage point differential.
This is mainly due to the fact that in the United States, more than half of business income is reported on individual tax returns. In comparison to other OECD nations, the United States' method of taxing business income increases the share of tax revenue from individual income taxes and decreases the share of tax revenue from corporate taxes.
to know more about US tax revenue.
https://brainly.com/question/27978084
#SPJ4
amelia pays a lot of attention to her company's competitors, she watches for long-run opportunities and problems, and she devises strategies for how her company will respond. amelia is a(n)
Amelia is a Top Level Manager she pays a lot of attention to her company's competitors, she watches for long-run opportunities and problems, and she devises strategies for, her company will respond.
Answer is - Amelia is a Top Level Manager
top-level management are your executives which includes a CEO, CFO, President and vice chairman. those top-level managers are answerable for placing the overall path of a agency and making sure that predominant organizational objectives are carried out.
what's a top-level managers called?
As you will expect, top-level managers (or pinnacle managers) are the “bosses” of the agency. they have got titles consisting of leader government officer (CEO), leader operations officer (COO), leader advertising officer (CMO), leader technology officer (CTO), and leader economic officer (CFO).
What are the roles of top-level managers?
A top-level managers is answerable for creating and imposing organizational plans and policies and is a expert who is on the executive level. They work as a negotiator between the pinnacle-degree and decrease-stage managers. these experts can paintings to guide the general direction of an organization.
Is a CEO a top-level manager?
Chief executive Officer (CEO): as the top-level manager, the CEO is commonly chargeable for the employer's entire operations and reviews immediately to the chair and the board of directors.
Learn more about Top Level Manager here :- https://brainly.com/question/28155708
#SPJ4
which employer defense said that the employee knew the risks when he took the job, so he is responsible for his own injuries?
Assumption of risk defense says that the employee knew the risks when he took the job, so he is responsible for his own injuries.
What is meant by Assumption of risk?Under the legal principle known as "assumption of risk," a person is prohibited from suing for damages if they involuntarily exposed himself to a knowing hazard. In other words, the assumption of risk rule prevents a plaintiff from suing for damages on the grounds that they were aware of a dangerous situation and voluntarily exposed themselves to it. In essence, the defendant is asserting that the plaintiff was aware of the danger yet chose to take it regardless.
Attending a baseball game is a perfect example of the assumption of risk principle. It is acknowledged that there is a chance that a ball might be hit into the stands if you attend a baseball game.
To learn more about assumption of risk from given link
https://brainly.com/question/21897362
#SPJ4
symone sold shares of naraghi corporation stock to aleena. the stock is listed on the nyse. this trade occurred in which one of the following?
Since the stock is listed on the New York Stock Exchange (NYSE), this trade occurred in secondary, auction market.
What is NYSE?NYSE is an abbreviation for New York Stock Exchange and it was founded on the 17th of May 1792 in the United States of America. Also, the NYSE arranges stock and bond trading in a secondary market for the largest and most established companies in the United States of America, in accordance to the guidelines of the Securities and Exchange Commission.
What is a secondary market?A secondary market can be defined as a type of market where various investors sell and buy securities (stocks) from other investors. Some examples of a secondary market around the world are:
New York Stock Exchange (NYSE)NASDAQLondon Stock Exchange (LSE).National Stock Exchange (NSE).In this context, we can reasonably infer and logically deduce that this trade occurred in secondary, auction market because the stock was listed on the New York Stock Exchange (NYSE).
Read more on secondary market here: https://brainly.com/question/15087498
#SPJ1
burger king decided to add breakfast to its hours of operation in order to increase its customers. this was an attempt to improve the organization's
This was an attempt to improve the organization's effectiveness.
What is effectiveness?
The degree of outcomes from manager and staff actions is called effectiveness. Effective coworkers and managers contribute to the achievement of superior outcomes. Consider a worker on the sales floor as an illustration.
In the context of business, effectiveness is the standard of excellence with which a task or process is carried out, ultimately resulting in improved overall corporate performance.
The ability to deliver the desired outcome or result is what is meant by effectiveness. Effectiveness is the state of having an intended or anticipated result or leaving a strong, lasting impact.
To learn more about effectiveness click the given link
https://brainly.com/question/26152499
#SPJ4
one product line at spearman fishing industries has turns per year and an annual sales volume (at cost) of $. how much inventory is being held, on average?
The inventory is being held on average is $80,400.
What is Inventory Management?
The process of ordering, storing, using, and selling a company's inventory is referred to as inventory management. This covers the storage and processing of such commodities as well as the management of raw materials, components, and completed goods.
One of a company's most crucial assets is its inventory. The core of an organization's activities in sectors with substantial inventories, such as retail, manufacturing, food services, and others, is its raw materials and completed items. A shortage can be quite damaging depending on when and where merchandise is required.
The inventory turnover ratio. In order to calculate the average amount of inventory, the sales volume (at cost) is divided by the quantity of turns.
=($1,447,200/18)
= $80,400
So,the average inventory is $80,400
To learn more about Inventory Management
https://brainly.com/question/13439318
#SPJ4
when the sales of a certain flavor of ice cream slowed, a national grocery retailer decided to drop the price of that product, which resulted in a large increase in sales of the ice cream. this sales increase is a type of
We can see here that when the sales of a certain flavor of ice cream slowed, a national grocery retailer decided to drop the price of that product, which resulted in a large increase in sales of the ice cream. This sales increase is a type of feedback.
What is feedback?Feedback actually refers to the response one gets after a specific action has been successfully carried out.
We see that in the given scenario above, when the price of the ice cream was dropped, there was increase in sales. This gave the grocery retailer the feedback that a reduction in price will increase sales.
Learn more about feedback on https://brainly.com/question/25653772
#SPJ1
To help manage the natural fluctuations in markets, an international business executive should.
To help manage the natural fluctuations in markets, an international business executive should have a broad portfolio of business.
A business portfolio is a collection of merchandise, services, and business gadgets that conform to a given agency and allows it to pursue its strategic dreams. This portfolio can also be defined as the set of available assets that the agency possesses to increase its assignment and attain its vision.
The top international executive oversees all factors of an organization's international operations and activities. Answerable for planning and directing all activities, guidelines, and development of business devices in other international locations. Being a top worldwide govt calls for a bachelor's diploma.
The worldwide commercial enterprise improvement govt may be accountable for the sale of semiconductors and digital components. The appropriate candidate has to be properly versed in the procedure of defining, growing, prospecting, servicing, and nurturing a described account base.
Learn more about business here brainly.com/question/24553900
#SPJ4
cost of universality: a comparative study of the overhead of state distillation and code switching with color codes
Cost of universality: a comparative study of the overhead of state distillation and code switching with color codes One of the most important steps in creating scalable quantum computers is optimising and estimating the overhead of current fault tolerance systems.
One of the most important steps in creating scalable quantum computers is optimising and estimating the overhead of current fault tolerance systems. Numerous of the most promising schemes are based on two-dimensional (2D) topological codes, such as the surface and colour codes, and use a universal gate set that combines the inexpensive T-gate with easily implementable Cliffords. In this work, state distillation and code switching—two popular approaches—are used to assess the costs of fault-tolerantly implementing the T-gate in colour codes.State distillation is more resource-efficient than code flipping in terms of both qubit overhead and space time overhead, while being viewed less favourably in our research.To know more about Code switching visit:
https://brainly.com/question/2661389
#SPJ4
for each of the following goods that are imported in the united states, identify which of the three sources of comparative advantage (abundant inputs, specialized skills, or mass production) accounts for that country's comparative advantage.
For each of the following goods that are imported in the United States, abundant input is the only source of comparative advantages that accounts for that country's comparative advantage. Therefore, the option A holds true.
What is the significance of a comparative advantage?A comparative advantage can be referred to or considered as a situation in which a producer has an economic advantage over the other in a number of economic activities. At least two economies need to be a part of the society for the occurrence of a comparative advantage.
Abundant inputs is one of the key sources of comparative advantage. It is considered as a source that can account for another country's comparative advantage, when it lets the United States import its goods.
Therefore, the significance regarding comparative advantage has been aforementioned.
Learn more about comparative advantage here:
https://brainly.com/question/13221821
#SPJ4
Factors in the environment that an organisms reacts to, such as light, temperature, sound are known as.
Factors in the environment that an organisms reacts to, such as light, temperature, sound are known as abiotic factor.
An abiotic factor is a non-living a part of an surroundings that shapes its surroundings. In a terrestrial surroundings, examples would possibly encompass temperature, mild, and water. In a marine environment, abiotic elements might consist of salinity and ocean currents.
Abiotic components encompass the physical (temperature, water, mild) and chemical (levels of oxygen, vitamins) factors gift inside the environment of the organisms. hence the proper option is c.
Biotic and abiotic factors are what make up ecosystems. Biotic factors are residing matters within an environment; including plants, animals, and micro organism, while abiotic are non-living components; including water, soil and environment. The manner those additives engage is essential in an environment.
Learn more about abiotic factor here: https://brainly.com/question/25602625
#SPJ4
how has desertification affected the land in africa? choose all that apply. a it forces migration for farmers and livestockit forces migration for farmers and livestock b low productivity in agriculturelow productivity in agriculture c it improves securityit improves security d poor soil structurepoor soil structure e it creates more jobs
Desertification affected the land in Africa are:
Poor soil structurelow productivity in agricultureIt forces migration for farmers and livestockWhat is the primary reason for Africa's desertification?Desertification is greatly facilitated by agricultural practices related to poverty. Desertification is accelerated by ongoing cultivation without supplemental fertilizer, excessive grazing, a lack of water and soil conservation infrastructure, and indiscriminate bushfires.
How is Africa affected by desertification?A form of land degradation known as desertification occurs when fertile areas become acrider and rider and acrider arid as a result of biological productivity being lost as a result of biotic procedures or as a result of human activity.
What impact does desertification have on Africa?People who are unable to longer survive off the land in Africa's drylands are being compelled to relocate to urban areas by the degradation of those areas. The UN Population Division projects that Lagos, Ni.geria's population will increase from 13.4 million in 2000 to 23.2 million in 2015, in part because of an influx of displaced rural communities.
To know more about Desertification visit:
https://brainly.com/question/24255548
#SPJ4
I understand that the question you are looking for is:
How has desertification affected the land in Africa? Choose all that apply.
A). poor soil structure
B). it improves security
C). it creates more jobs
D). low productivity in agriculture
E). it forces migration for farmers and livestock
jackson's programming paid its june rent of $500 cash. demonstrate how to use the accounting equation to record the transaction by completing the following sentence. jackson would decrease (expenses/cash/revenues) and increase (expenses/equity/revenues) in the accounting equation.
Answer: Jackson would decrease CASH and increase EXPENSES in the accounting equation.
Explanation: Jackson would lose cash by spending his money and his Living expenses will also rise along with it.
What is the main difference between japanese capitalism and capitalism in the united states?.
The main different between Japanese capitalism and capitalism in the United States is Japan's gov is highly involved in day-to-day business management.
Business management makes a specialty of organizing and handling a employer's resources (which includes human capital). business control is humans-centric. Business management ranges put a lot of emphasis on verbal exchange, human useful resource management and preferred-management theories.
What are the 4 types of business management?
The four maximum commonplace varieties of managers are top-level managers, middle managers, first-line managers, and team leaders.
Is business management a good course?
For the aspiring entrepreneurs and enterprise leaders, a commercial enterprise management diploma is constantly a famous choice. It gives the instructional information and abilities everyday pursue worldwide career possibilities and facilitates you broaden a vast expertise of companies and specific regions along with finance and human sources.
Learn more about business management here:- https://brainly.com/question/13724491
#SPJ4
do you think business leaders would favor a more centralized form of government or decentralizing public services to each state? why, or why not?
According to me business leaders will favor centralized form of government.
The reason being- that centralized government will allow the business leaders to act the way they want. A centralized government delegated supreme political authority to a central body or small group of individuals who are in charge of ensuring the proper operation of the economy and all other governing bodies.
Other than that, there are several other benefits of centralized government are-
Because of the concentration of decision-making power, it is effective at pursuing high-level government goals.Because it eliminates duplication within the administration, centralization saves money.When decision-making power is concentrated, it is easier and faster to implement political reforms and policies. It avoids tensions among different governments.It promotes equality and consistency across regions because, in theory, decisions are made with the welfare of the entire country in mind, not just a portion of it.Makes the development of local clientelist networks more difficult.It will be easier to develop uniform regulation and maintain a unified single market for business (avoid multiplication of paperwork)Learn more about centralized government here:
https://brainly.com/question/9132408
#SPJ4
which one of the following statements would be most likely to convince an employer of the worth of a sociology degree?
One of the following claims is most likely to persuade a potential employer that a sociology degree is valuable: "Among other things, a sociology degree helps me to recognize and project population trends."
Sociology is a branch of social science that focuses on human societies, social relationships, and the forces that shape and transform them. This is accomplished through looking at how various aspects of society, such as institutions, communities, people, and groups based on gender, race, or age, function. Along with societal disorder in the form of crime, deviance, and revolution, sociology also examines social movements, social transformation, and social rank or stratification.
Human behavior is generally governed by social interactions, in large part because humans lack the instincts that drive most animal behavior. Therefore, in order to make decisions and take acts, humans need on social institutions and organizations. Given the significant role that organizations play in shaping human behavior, sociology's mission is to understand how organizations influence individual behavior as well as how they are founded, interact with one another, degrade, and ultimately dissolve. Economic, religious, educational, and political institutions are some of the most fundamental organizational structures. Other, more specialized institutions include the family, the community, the military, peer groups, clubs, and volunteer associations.
Learn more about sociology here
https://brainly.com/question/11098307
#SPJ4
a new restaurant recently opened and the owner wants to create an ad promoting the curbside delivery service.
A new restaurant has recently opened, and the owner wishes to make an advertising curbside delivery. Brand awareness marketing objective does this ad align with.
What is Brand Awareness Marketing?
The degree to which consumers can recall or recognise a brand under various circumstances is known as brand awareness. The associative network memory model of brand knowledge has two aspects, one of which is brand awareness. Consumer behaviour, advertising strategy, and brand management all heavily rely on brand awareness. The choice to buy something is mostly based on the consumer's capacity to recognise or recall a brand. Consumers must first be aware of a product category and a brand within it in order to proceed with a purchase.
To learn more about Brand Awareness Marketing
https://brainly.com/question/1875826
#SPJ4
Complete question
A new restaurant recently opened and the owner wants to create an ad promoting the curbside delivery service.
if a 35% price increase for product a causes a 10% decrease in its quantity demanded, but no change in the quantity demanded for product b, what is the cross-price elasticity of these goods? round your answer to one decimal place.
If a 35% price increase for product A causes a 10% decrease in its quantity demanded, but no change in the quantity demanded for product B, the cross-price elasticity of these goods will be 0 i.e., no relationship.
What's cross price elasticity?
Cross price elasticity measures how sensitive the demand of a product is over a shift of a corresponding product charge. Frequently, within the marketplace, some goods can relate to one another. This could mean a product's charge growth or decrease can positively or negatively have an effect on the other product's demand.
What's cross price elasticity example?
An instance would be the fee of milk. If whole milk is going up in rate, human beings can also switch to 2% milk. Likewise, if 2% milk rises in charge instead, complete milk will become greater in demand.
What does it imply whilst cross price elasticity is extra than 1?
If the absolute price of the cross price elasticity is greater than 1, the cross price elasticity of call for is elastic, which means that a alternate in charge of top A consequences in a more than proportionate change in amount demanded for top B.
Learn more about cross price elasticity here:- https://brainly.com/question/15308590
#SPJ4
or each account, identify whether the normal balance is a debit (dr) or credit (cr). question content area bottom part 1 a. notes payable b. herman, withdrawals c. service revenue d. land e. unearned revenue f. herman, capital g. utilities expense h. office supplies i. advertising expense j. interest payable
The personal account, real account, and nominal account are the accounts used to record journal entries.
Classification of Account
According to the rules of the personal account, real account, and nominal account, we debit what comes in and credit what goes out, debit what is received and credited, and debit what is received and credited, respectively.
Personal Account
These account types have a connection to people. These persons could be real people, such as the accounts for Raj, Rajesh, Ramesh, Suresh, etc.
These people could also be made-up entities like corporations, partnerships, bodies corporate, associations of people, etc
Real Accounts
These account categories relate to possessions or assets. Intangible real accounts and Tangible real accounts are two further categories.
Nominal Account
These account kinds relate to profits or income and losses or expenses. As an illustration, consider the following examples: rent, commission received, salary, wages, transportation, etc.
To know more about Debit and credit account visit:
https://brainly.com/question/24244031
#SPJ4
identify four service industries that, according to your textbook, are expected to have the greatest employment potential?
Four service industries that, according to your textbook, are expected to have the greatest employment potential:
Information technologies
Health care
Financial Services
Social services
Those industries that do not directly produce tangible things are known as service industries (such as agriculture and manufacturing). Some service sectors, such as transportation, wholesale, and retail commerce, are involved in the supply chain, which moves products made in the industrial and agricultural sectors to end users.
Everything else falls under the category of service industries, which also includes banking, communications, wholesale and retail trade, all professional services like engineering, computer software development, and medicine, nonprofit economic activity, all consumer services, and all governmental services, such as defence and justice administration.
Learn more about service industries here:
https://brainly.com/question/18310687
#SPJ4
a building rents for $32 per square foot with an index of 1.6. the index increases to 1.9. what is the adjusted rental rate?
The adjusted rental rate is $41.60.
What is the adjusted rental rate?Price index measure the relative change in prices relative to a base year. Changes in indexes give a measure of inflation in the economy. The rental rate would be adjusted for inflation.
Inflation is when the general price level in an economy increases. Inflation can be as a result of an increase in the demand for goods and services or an increase in the cost of production.
The adjusted rental rate can be determined by first calculating the inflation rate and then increasing the rent for the calculated inflation rate.
Inflation rate = 1.9 - 1.6 = 0.3 = 30%
The adjusted rental rate = (1.3) X $32 = $41.60
To learn more about indexes, please check: https://brainly.com/question/26382640
#SPJ1
in planning her retirement liza deposits some money at 3% interest, with twice as much deposited at 4.5%. find the amount deposited at each of the total annual interest income is $1680
If in planning her retirement liza deposits some money at 3% interest, with twice as much deposited at 4.5%. The amount deposited at each of the total annual interest is: $14,000 is invested at 4% and $28,000 is invested at 4.5%.
Amount depositedLet x represent amount deposited at 3%
Let 2x represent the amount deposited at 4.5%
Hence:
.03x + .045(2x) = $1680
.12x = $1680
Divide both side by .12x
x=$1680/.12
x = $14,000 at 3%
So,
2x= $14,000
x=2×14,000
x=$28,000 at 4.5%
Therefore the amount deposited at each of the total annual interest is: $14,000 is invested at 4% and $28,000 is invested at 4.5%.
Learn more about the amount deposited here:
https://brainly.com/question/25725602
https://brainly.com/question/18764251
#SPJ1
imprudential, incorporated, has an unfunded pension liability of $574 million that must be paid in 15 years. to assess the value of the firm’s stock, financial analysts want to discount this liability back to the present. if the relevant discount rate is 6.7 percent, what is the present value of this liability? (do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89)
Present value of this liability = $216992938.498
What is liability?A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.
An obligation between two parties that hasn't been fulfilled or paid for generally qualifies as a liability. A financial liability is the same as an obligation in the world of accounting, but it is more specifically characterized by prior business dealings, occasions, sales, the exchange of goods or services, or anything else that would result in future economic gain.
Typically, non-current obligations are long-term while current liabilities are short-term (anticipated to be resolved in a year or less) (12 months or greater).
Learn more about liabilities
https://brainly.com/question/25687338
#SPJ4
If a 6 percent increase in income leads to a 4 percent increase in quantity demanded for audio books, the income elasticity of demand is.
If a 6 percent increase in income leads to a 4 percent increase in quantity demanded for audiobooks, the income elasticity of demand is 0.67. Therefore, the option B holds true.
What is the significance of price elasticity of demand?Price elasticity of demand can be referred to or considered as the change in the quantity demanded of a product due to a given change in its price or income of the consumer.
Using the given information and formula,
Price Elasticity of Demand = Change in demand / Change in income
Price Elasticity of Demand = 0.04 / 0.06
Price Elasticity of Demand = 0.67
Therefore, the option B holds true and states regarding the significance of price elasticity of demand.
Learn more about price elasticity of demand here:
https://brainly.com/question/20630691
#SPJ1
If a 6 percent increase in income leads to a 4 percent increase in quantity demanded for audiobooks, the income elasticity of demand is.
A. 0.24
B. 0.67
C. 0.02
D. 0.10