Yes According to the Mid Point Method The degree to which customers are receptive to price changes is gauged by their price elasticity of demand.
<u>WORKING OF MID POINT METHOD</u>
Demand is considered to be elastic if consumer behaviour changes significantly in reaction to a minor change in price, as opposed to inelastic if customers alter their purchasing behaviour very little in response to a large change in price.
- The percentage change in quantity subtracted from the percentage change in price represents the price elasticity of demand. The following formula may be used to calculate the percentage change in the number of oranges requested in this area using the midpoint method:
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8 and 1/2 inches by 11 inches
Answer:
The correct word for the blank space is: higher.
Explanation:
Economies of Scale is a key concept for any business in any industry. It is also important for consumers trying to understand why smaller businesses may have to charge more for similar products made by larger companies. Overall, economies of scale mean <em>that production becomes more efficient as the number of goods being produced increases</em>.
The correct alternative is letter C. Inflation control. This is the first strategy to control the currency in the economy, being one of the main objectives of monetary policy in a country.
<h3 /><h3>What is monetary policy?</h3>
It is the set of governmental strategies and actions to interfere in the investment market and in the consumption power of citizens, through the control of the basic interest rate of the economy, which is an instrument capable of influencing the value of a currency and the prices of goods. consumption, thus generating a control over inflation in search of economic balance in a country.
Therefore, controlling inflation is a short-term measure that generates a series of impacts on an economy, such as fiscal and monetary contraction measures, such as increasing taxes and reducing public spending.
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Answer:
The value of inventory destroyed=$4,082,000
Explanation:
<em>The value of the inventory destroyed is the difference between the the cost of the total goods available for sale and the cost of goods sold</em>
The value of inventory destroyed = cost of goods available for sale - value of inventory sold
Cost of goods sold = 3540,000 - (20%× 3540,000)= 2,832,000
The cost of goods available for dale = opening inventory + purchases + freight charges
$5300000 + $1432000 + $182000 = 6,914,000
The value of inventory destroyed = 6,914,000
- 2,832,000
= 4082000
The value of inventory destroyed=$4,082,000
