2. a price elasticity of demand for good x equal to -.85 implies
[a] if price increases by $1.00, quantity demanded will decrease by .85.
[b] if price decreases by $0.85, quantity demanded will increase by 1.
[c] a price of $1.00 will result in sales increase of .85 units.
[d] if price increases by 1%, quantity demanded will decrease by .85%.
[e] if price increases by 1%, demand will decrease by .85%.

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value

Keisha took the vark inventory and discovered she prefers to learn mainly through visual and kinesthetic modes. which study strategy would best match these preferences?