Do you think the price elasticity of demand for Ford sport-utility vehicles (SUVs) will increase, decrease or remain the same when each of the following events occurs? (State your answer andreason behind your answer for each event).
A) Other car manufactures, such as General Motors, decide to make and sell SUVs

B) SUVS produced in foreign countries are banned from the American market.

C) Due to ad campaigns Americans believe that SUVs are much safer than an ordinary passenger cars.

D) The time period over which you measured the elasticity lengthens. During that longer longer time, new models such as four-wheel-drive cargo appear.

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.