Demand, supply, and elasticities are fundamental concepts in economics that help us understand the behavior of markets and the responsiveness of quantity or price to changes in different factors.
1. **Demand**: Demand refers to the quantity of a good or service that consumers are willing and able to buy at various prices during a specific period. It represents the relationship between the price of a product and the quantity demanded by consumers. The law of demand states that as the price of a good increases, the quantity demanded decreases, and vice versa. Demand is influenced by factors such as price, consumer income, preferences, prices of related goods, and expectations.
2. **Supply**: Supply, on the other hand, represents the quantity of a good or service that producers are willing and able to offer for sale at various prices during a specific period. It depicts the relationship between the price of a product and the quantity supplied by producers. The law of supply states that as the price of a good increases, the quantity supplied also increases, and vice versa. Supply is influenced by factors such as price, production costs, technology, input prices, and expectations.
3. **Elasticities**: Elasticities are measures of responsiveness or sensitivity of quantity or price to changes in specific factors. They help quantify the degree of responsiveness in demand or supply. The key elasticities include price elasticity of demand, price elasticity of supply, income elasticity of demand, and cross-price elasticity of demand.
- **Price elasticity of demand** measures the responsiveness of quantity demanded to changes in price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price. It provides insights into the sensitivity of demand to price fluctuations.
- **Price elasticity of supply** measures the responsiveness of quantity supplied to changes in price. It is calculated as the percentage change in quantity supplied divided by the percentage change in price. It indicates the sensitivity of supply to price changes.
- **Income elasticity of demand** measures the responsiveness of quantity demanded to changes in consumer income. It is calculated as the percentage change in quantity demanded divided by the percentage change in income. It indicates whether a good is normal (positive income elasticity) or inferior (negative income elasticity).
- **Cross-price elasticity of demand** measures the responsiveness of quantity demanded of one good to changes in the price of another good. It is calculated as the percentage change in quantity demanded of one good divided by the percentage change in the price of another good. It helps understand the relationship between substitute and complementary goods.
Understanding these concepts helps economists analyze and predict market behavior, assess the impact of various factors on demand and supply, make informed policy decisions, and study consumer and producer behavior in different economic situations.
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3. "Release of a Bollywood is postponed due to opposition by one of the minister." This is an example
of a key component of the business environment. Name the component. Why is it necessary for the
business enterprises to systematically analyze and diagnose this environment
Answer:
The given statement, "Release of a Bollywood is postponed due to opposition by one of the minister," is an example of a key component of the business environment known as "political and legal factors." This component includes the laws, regulations, and policies set forth by governments, as well as the political stability, ideologies, and actions of political figures that can impact businesses.
It is necessary for business enterprises to systematically analyze and diagnose this environment because it affects their operations, decision-making, and profitability. Changes in laws or regulations that impact the industry in which they operate can create opportunities or threats. The actions or positions taken by politicians or public officials can affect the reputation of the business and its customer base. Therefore, understanding these political and legal factors helps businesses identify potential risks and opportunities so they can adjust their strategies accordingly to thrive in a dynamic environment. Additionally, complying with legal requirements and responding to political pressures is essential for the long-term sustainability of the business.
To some people, speaking in public is not a stressor.
A. True B. False
Answer:
A. true
Explanation:
because of their experiences
Answer:
A. true
Explanation:
what does the CTSO “FEA”
describe??? PLEASE ANSWER QUICK
Answer:
Explanation:The Future Educators Association (FEA), sponsored by PDK International, is a. student organization that provides students. interested in education-related careers. with activities and materials that help them.
if im wrong, sorry.
the kids have broken our dishwasher. the plastic parts that make up the racks are broken. is there a strong brand or model?
There are several dishwasher brands that are known for producing durable and long-lasting models, including Bosch, KitchenAid, and Miele.
These brands are generally known for their high quality construction, reliable performance, and ability to withstand frequent use. Bosch is a popular choice for many consumers due to its reputation for producing high-quality and durable appliances. Their dishwashers are known for their quiet operation, energy efficiency, and long lifespan. They use high-quality materials and innovative design to ensure that their dishwashers are durable and reliable.
KitchenAid is another popular brand that is known for its durable and high-quality dishwashers. They offer a wide range of models with various features and options, such as adjustable racks, multiple wash cycles, and energy-efficient operation. KitchenAid dishwashers are also designed to be easy to use and maintain, which can help to extend their lifespan.
Miele is a luxury brand that is known for producing high-end appliances that are built to last. Their dishwashers are made with high-quality materials and are designed to withstand frequent use. Miele dishwashers are also energy-efficient and offer a variety of features, such as adjustable racks, multiple wash cycles, and quiet operation
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Question 10 2 pts This is the same bond as in the previous question, but just in case, here is the information again Bond XYZ is a 4-year, 8% annual coupon bond, with $1,000 par value. The required return on the bond is 5.4%. What is the ACTUAL (EXACT) percentage change in the price of bond XYZ, given a 2% increase in interest rates (that is, with the new YTM now being 7.4% (2 port) Enter your answer with as a number with 4 decimals and if the number is negative do not forget the minus.sign.e.g.-0.0123 DO NOT ENTER THE ANSWER AS A PERCENTAGE, e.g.-1.23% 2.nts Question 11 MacBook Air
A bond refers to a debt instrument whereby a borrower borrows capital from an investor and promises to repay it with interest. The ACTUAL (EXACT) percentage change in the price of bond XYZ, given a 2% increase in interest rates (that is, with the new YTM now being 7.4%) is -9.0578.
This means that the bond price has decreased.The new yield to maturity (YTM) is YTM = 8% + 2% = 10%. The price of the bond can be computed as follows:Price = PV of coupon payments + PV of the par valuePV of coupon payments = $80*[(1 - 1/1.1^4)/0.1] = $247.08PV of par value = $1,000/1.1^4 = $683.01The price of the bond is therefore $247.08 + $683.01 = $930.09.The actual percentage change in the bond price due to the increase in interest rates can be computed using the following formula:
Actual percentage change = (New price - Old price)/Old price*100Actual percentage change = ($930.09 - $1,020)/$1,020*100 = -9.0578Therefore, the actual (exact) percentage change in the price of bond XYZ, given a 2% increase in interest rates (that is, with the new YTM now being 7.4%) is -9.0578. This means that the bond price has decreased.
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What does ceteris paribus mean?
Answer:
rat
Explanatio
Is the accounting profession responded in a timely, comprehensive, and effective manner to stakeholders and business current challenges? Explain
Yes the accounting profession is responded in the way that it wwould take care of current business challenges.
What is the accounting profession?This is the profession where financial analysis and other functions such as auditing are carried out.
The institution today is being structured in a way that it would still be able to meet the goals of the times that we are in.
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What does the phrase high risk = High reward mean when it comes to investing?
Answer: The phrase “higher risk, higher reward” is used in the general sense to set ratios between riskier stocks and more stable bonds and cash holdings. Investors adjust their risk according to their station in life.
Explanation:
Which of the following are examples of limited resources on the part of consumers?
product and space
money and product
time and money
space and time
Answer:
The answer is time and money
Explanation:
I took the test on edge
Examples of limited resources on the part of consumers are time and money.
What are limited resources?
Limited resources are resources that can be depleted. They are of limited availability. As these resources are used, they decline.
For example, no one has an unlimited supply of money. As money is spent, the amount of money one has reduces. Also, time is limited. One has 24 hours in a day.
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Which of the following is used as the key determinant to signal to producers what
S.
to produce and how much to produce in a free-market economic system?
A) the market curve
B) trend
C) price
D) quantity
Answer:
i guess the answer is :- trend
assume target just paid a dividend of $2.56 and expects these dividends to grow at 2 % a year. the price of target is $76.66 per share. what is target's cost of equity capital?
To calculate Target's cost of equity capital, we can use the dividend growth model. The formula for the dividend growth model is: Cost of Equity = (Dividend / Price) + Growth Rate
Using the given information, we can plug in the numbers:
Cost of Equity = ($2.56 / $76.66) + 0.02, Cost of Equity = 0.0334 or 3.34%
Therefore, Target's cost of equity capital is 3.34%.
The formula for the cost of equity capital (Ke) is: Ke = (D1 / P0) + g
where:
D1 = next year's expected dividend
P0 = current stock price
g = dividend growth rate
The cost of equity capital for Target is 5.405%.
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https://brainly.com/question/2960815#SPJ11an owner of a company withdrew $1,000 of his original cash investment. this transaction would (debit/credit) the cash account, and (debit/credit) the drawing account.
A business owner took $1,000 of his initial financial investment out. The cash account would be credited and the drawing account would be debited in this transaction.
What do credit and debit accounts mean?Business transactions are actions that have a monetary effect on an organization's financial statements. We keep track of these transactions by recording the numbers in two accounts, with the credit column on the right and the debit column on the left.
A debit is a financial transaction that either adds to an asset or cost account or subtracts from a debt or equity account. In an accounting entry, it is put in the left-hand column. A credit is an accounting entry that either raises or lowers an asset or expense account, depending on the account type. When used in an accounting entry, it is to the right.
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Sarah has an annual salary of $54000. If her income tax rate is 22%, find the amount of her taxes, her net annual, and net monthly salary.
Taxes:
Net Annual Salary:
Net Monthly Salary:
Sarah has to pay $11,880 in taxes annually, her net annual salary is $42,120, and her net monthly salary is $3,510.
To calculate the amount of taxes that Sarah has to pay, we need to multiply her annual salary by her tax rate. So, the amount of taxes that Sarah has to pay is:
Tax = Annual Salary x Tax Rate
Tax = $54,000 x 0.22
Tax = $11,880
Therefore, Sarah has to pay $11,880 in taxes annually.
To find Sarah's net annual salary, we need to subtract the amount of taxes she has to pay from her annual salary. So, her net annual salary would be:
Net Annual Salary = Annual Salary - Taxes
Net Annual Salary = $54,000 - $11,880
Net Annual Salary = $42,120
Therefore, Sarah's net annual salary is $42,120.
To find Sarah's net monthly salary, we need to divide her net annual salary by 12 (the number of months in a year). So, her net monthly salary would be:
Net Monthly Salary = Net Annual Salary / 12
Net Monthly Salary = $42,120 / 12
Net Monthly Salary = $3,510
Therefore, Sarah's net monthly salary is $3,510.
In summary, Sarah has to pay $11,880 in taxes annually, her net annual salary is $42,120, and her net monthly salary is $3,510.
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Jaiden is in 6th grade and plans to attend college. He has created a college preparation plan.
1. He will fill out the FAFSA form and send it in immediately.
2. He will ask his parents if they have a college savings account.
3. When he gets to high school, he will start trying harder in school so he can qualify for academic scholarships.
4. During his last year of high school, he will get involved in sports and clubs he enjoys to qualify for scholarships.
5. Upon graduation, he will start saving money for college.
Which statements identify errors in Jaiden’s plan? Check all that apply.
Answer:
-He should wait until his last year in high school to fill out the FAFSA.
-He should start saving right away. It is never too early to start a savings account.
-He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break.
-He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them.
Explanation:
True or False: Your landlord, the over of your rental property, has the right to enter your apartment, any time he wants to
to be certain that you are following the NO SMOKING re because he is concerned about safety and damage to the apartment.
Answer:
false
Explanation:
he/she is not allowed to enter at any time because he/she does not have the right to enter the home if you are not there.
Mr. Johnson received $1,750 on his paycheck for two weeks. He got $275 taken out of his check for taxes and $125 for his health insurance. The amount he had left is defined as his Mr. Johnson received $1,750 on his paycheck for two weeks. He got $275 taken out of his check for taxes and $125 for his health insurance. The amount he had left is defined as his Net income Property tax Income tax Gross income
Mr. Johnson received $1,750 on his paycheck for two weeks.The amount he had left is defined as Net income.
Option A is correct.
How does net profit compare to net income?Simply put, profit is the revenue that remains after expenses are deducted; Depending on the types of costs that are deducted from revenue, it exists on multiple levels. A single number, net income—also known as net profit—represents a particular kind of profit. The well-known bottom line on a financial statement is net income.
How is net income figured out?The gross salary less any deductions, such as professional tax, pension, income tax, etc., is the net salary. whereas gross includes all benefits like a medical allowance, a transportation allowance, and a house rent allowance, among others
Question incomplete:Mr. Johnson received $1,750 on his paycheck for two weeks. He got $275 taken out of his check for taxes and $125 for his health insurance. The amount he had left is defined as his Mr. Johnson received $1,750 on his paycheck for two weeks. He got $275 taken out of his check for taxes and $125 for his health insurance. The amount he had left is defined as his
A. Net income
B. Property tax
C. Income tax
D. Gross income
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The IRR of a bond is the same as its _____. Choose all that apply. The IRR of a bond is the same as its _____. Choose all that apply. expected return required return yield to maturity cash yield coupon rate
IRR is an acronym that stands for the Internal Rate of Return. IRR is used in calculating how profitable future investments will be. The IRR of a bond is the same as its;
Yield to maturityExpected returnWhen people make investments, the internal rate of return is calculated to know what their expected return will be. T
he net present value is set at zero and then the discount rate will be calculated. The IRR is used to ascertain the future potentials of capital budgets.
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Which statement about the Federal Reserve (the Fed) is true?
O Unless a person works there, the Fed has little impact on everyday life.
O The Fed determines the criteria banks must use to evaluate loan requests.
O The Fed sets monetary policy, which affects the interest rates banks offer.
O Because it is independent, the Fed reviews and approves the national budget.
A statement that is true on the Federal Reserve is that C. The Fed sets monetary policy, which affects the interest rates banks offer.
What does the Federal Reserve do ?The American central bank is known as the Federal Reserve System (FRS). It is conceivably the most potent financial organization in the entire globe and is sometimes referred to as "the Fed." It was established to give the nation a secure, adaptable, and stable financial and monetary system.
Its primary duties include controlling the money supply, establishing interest rates, and overseeing the financial system. In times of economic crisis, it also serves as a lender of last resort, as was shown during the financial crisis of 2008.
These powers of the Federal Reserve mean that it is the one which sets the monetary policy of the United States. This monetary policy will then affect the interest rates on loans, offered by banks.
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Changing circumstances and ongoing managerial efforts to improve the strategy _____.
a. make it very difficult for a company to have concrete strategic objectives
b. account for why a company's strategy evolves over time
c. explain why a company's strategic vision undergoes almost constant change
d. All of the choices are correct
Changing circumstances and ongoing managerial efforts to improve the strategy account for why a company's strategy evolves over time. The correct answer is B.
As the business environment changes, such as market conditions, customer preferences, technological advancements, and competitive landscape, a company needs to adapt its strategy to remain competitive and achieve its objectives.
Additionally, ongoing managerial efforts, such as strategic analysis, performance evaluation, and feedback mechanisms, contribute to the continuous improvement and refinement of the strategy. Therefore, changing circumstances and ongoing managerial efforts play a significant role in shaping the evolution of a company's strategy.
Therefore, the correct answer is B.
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Imagine a friend, who has a degree in business information management and certifications in IT, is looking for a job in a large multinational company or a consultancy firm. Research online and inform your friend about any three of the available career options and their related job descriptions.
Answer: Any 3 off of this list would work. My definitions were as close as I could make them.
Information Resource Manager
Development and organization of an organization's resources. Such as financial resources, inventory, skills, production resources, or information technology.
Business Analyst
Analyzes an organization or business domain and documents it's business, processes, or systems. Assessments are made on the business model, or it's integration with technology.
Support Specialist
Technical Support Specialists provide technical support to organizations by managing, maintaining, and troubleshooting their IT systems.
Technology Consultant
A technology consultant advises clients on how to best use IT practices to achieve their business objectives. A Technology consultant would also manage and implement strategies.
Systems Analyst
Uses analysis and design techniques to solve business problems using IT. They may serve as change agents who identify the organizational improvements needed, design systems to implement those changes, and train others to use the systems.
Answer:
I researched online and found the following career options in business information management. Here are the job descriptions for each of the three careers.
Information manager: An information manager is required to analyze and implement information solutions for companies. The job description includes the following tasks:
Provide information on the latest trends in information management.
Develop and maintain online portals on information management.
Analyze information and implement solutions based on the analysis.
Provide training to those who use the implemented information.
Attend review meetings on information management and contribute ideas/opinion.
Update one’s own knowledge on information management by attending seminars and work groups.
IT consultant: IT consultants advise managers on how to develop new IT-enabled solutions. The job description includes these tasks:
Assess the performance of existing business systems.
Draw up strategic plans and implement new business processes.
Train employees on implemented IT solutions/business processes.
Propose solutions for organizations that want to improve their software systems.
Install data networks and provide support for troubleshooting.
Management trainee: Management trainees usually follow a two-year “on the job” training and continue their career in a management position. Their job description includes these tasks:
Perform tasks in response to instructions from seniors.
Get trained on the allotted work and department.
Track own performance progress and set performance goals.
Get acquainted with operations, management system, and company policies.
Explanation:
PLATO
after graduating and doing well in life you have decided to give money to the college of engineering to purchase a statue on centennial campus to inspire future students. your gift of $75,000 is given to the engineering foundation, inc. (efi) office to cover the cost of the statue and its annual maintenance in perpetuity. of annual costs are $1500, an efi earns 3% on its investments, how much can they afford to pay for the statue?
With an annual maintenance cost of $1,500 and an investment return of 3%, the EFI can afford to pay up to $50,000 for the statue.
To calculate how much the EFI can afford to pay for the statue, we need to determine the principal amount that, when invested at 3%, generates an annual return of $1,500. We can use the formula:
Principal amount = Annual cost / Interest rate
Given that the annual cost is $1,500 and the interest rate is 3% (or 0.03), we can substitute these values into the formula:
Principal amount = $1,500 / 0.03
Simplifying the calculation:Principal amount = $50,000
Therefore, the EFI can afford to pay up to $50,000 for the statue, considering the annual maintenance costs of $1,500 and an investment return of 3%.
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On January 1, Year 1, Purl Corp. purchased as a long-term investment $500,000 face amount of Shaw, Inc.’s 8% bonds for $456,200. The bonds were purchased to yield 10% interest. The bonds mature on January 1, Year 6, and pay interest annually on January 1. Purl uses the effective interest method of amortization. What amount (rounded to nearest $100) should Purl report on its December 31, Year 2, balance sheet for these held-to-maturity bonds?
Answer:
Investment in bonds $468,000
Explanation:
In this case, the journal entry to record the purchase of the bonds should be:
January 1, Year 1, bonds purchased as long term investment
Dr Investment in bonds 456,200
Cr Cash 456,200
In the balance sheet it would be reported as an asset: Investment in bonds $456,200
amortization of bond discount for first coupon = ($456,200 x 10%) - ($500,000 x 8%) = $45,620 - $40,000 = $5,620
journal entry to record first coupon payment:
January 1, Year 2, first coupon payment collected
Dr Cash 40,000
Dr Investment in bonds 5,620
Cr Interest revenue 45,620
So the investment in bonds account now has a $461,820 balance
amortization of bond discount for second coupon = ($461,820 x 10%) - ($500,000 x 8%) = $46,182 - $40,000 = $6,182
journal entry to record second coupon payment:
January 1, Year 3, second coupon payment collected
Dr Cash 40,000
Dr Investment in bonds 6,182
Cr Interest revenue 46,182
So the investment in bonds account now has a $468,002 balance
Since we are told to report the December 31, Year 2, balance, the accrued interest journal entry should be:
Dr Interest receivable 40,000
Dr Investment in bonds 6,182
Cr Interest revenue 46,182
The account balance is the same though, $468,002 rounded down to $468,000
You will write a draft of introductory email or communication to request a job shadowing experience or interview with a member of the community who works in a helping profession. The first paragraph should define the request for the job shadow experience/interview, including dates, times, and expectations of the job shadow experience. In the second paragraph, describe yourself including your career and personal goals and alignment to the job shadow experience, e.g., what you hope to learn. The third paragraph should close the request
Answer:
https://prehealth.wisc.edu/wp-content/uploads/2016/06/Sample-Shadowing-Request-E-mail.pdf
Explanation:
i made this link for you, its an essay
the foreign corrupt practices act outlawed question 13 options: accounting fraud. price collusion. corruption in government. bribery of officials in other countries. executive misconduct.
The foreign corrupt practices act outlawed d. bribery of officials in other countries.
What is corrupt practices act?
The United States passed the Federal Corrupt Practices Act, often known as the Publicity Act, in 1910 and revised it in 1911 and 1925. Up until the Federal Election Campaign Act was passed in 1971, it remained the basic legislation of the country governing campaign funding in federal elections. On June 25, 1910, President William Howard Taft signed the Act.
For House general elections, the Act set expenditure caps for political parties. By mandating political party national committees to provide post-election reports on their contributions to particular candidates and their own expenditures, it was the first federal law to call for the public disclosure of spending by political parties but not by candidates.
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Analyse what effect the building of an airport may have on the decision of how to use an area of land nearby.
Which of the following is not a fixed cost? *
O monthly gym membership
car payment
O rent
O vacation/recreation/fun expenses
Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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QUESTION 3 / 10 What is the first step you should take when you want to open a savings account? A. Review the different savings account options that your bank offers. B. Make your initial deposit. C. Go to the bank and fill out an application. D. Present your photo ID to the bank representative.
Answer:
A. Review the different savings account options that your bank offers.
Many politicians have degrees in business or law.
True
False
Advise someone on the implications of CPA on businesses
Answer:
Impact of the CPA on businesses
The main function of the Consumer Protection Act now is to protect consumers against product liability. Protection against product liability means that consumers are protected if the product they purchase from you is defective and causes further damage.
Explanation:
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