Answer:
False
Explanation:
It is the opposite case in terms of demand and supply
Answer:
only one more year
Explanation:
Your income for the current year (year₀) = $75,000
Next year's income (year₁) = $75,000 x 1.2 = $90,000
Year 3's income (year₂)= $90,000 x 1.2 = $108,000
You will only be able to contribute to a ROTH account during the next year (year₁), since your income for year₂ will be higher than $95,000.
The answer to the question is competition.
It seems that George is set up by his company to become a competition to the customers’ of the company. This is because George is told to develop a new smart phone application so that his company will have a unique competitive advantage from the other firms. This would lead to his company’s better performance in the future.
Answer:
A) inelastic demand
Explanation:
Demand is inelastic if a change in price has no effect on quantity demanded.
Changes in price has no effect on quantity of leather demanded. Therefore, the demand for leather is inelastic.
Direct purchasing is buying raw materials used in the production process.
Straight rebuy is purchasing similar goods from the same supplier under similar conditions.
Modified rebuy is purchasing similar goods either from a different supplier or in a different condition.
I think you’re referring to the competitive equilibrium price