a.) The total of the outstanding checks is $1,000.
b.) The total of the outstanding deposits is $200.
c.) The difference is due to outstanding checks and deposits that have not been accounted for.
d.) The updated and correct balance in the check register is $7,374.35.
To reconcile the checking account, we need to compare the transactions in the check register with those on the monthly statement. Let's go through the process step by step and answer the given questions.
Step 1: Compare Deposits
First, we compare the deposits listed in the check register with the deposits shown on the monthly statement. By doing this, we can identify any outstanding deposits.
According to the check register, the deposits made in March are:
$2,500 on March 3rd
$1,800 on March 7th
$1,000 on March 14th
$2,200 on March 24th
On the monthly statement, the deposits shown are:
$2,500 on March 3rd
$1,800 on March 7th
$2,000 on March 14th
$2,200 on March 24th
By comparing the two, we see that the outstanding deposit is $1,000 (March 14th deposit on the check register but not on the statement).
(a) The total of the outstanding checks is $1,000.
Step 2: Compare Checks
Next, we compare the checks listed in the check register with the cleared checks on the monthly statement. This helps identify any outstanding checks.
According to the check register, the checks written in March are:
Check #1001 for $600 on March 2nd
Check #1002 for $150 on March 5th
Check #1003 for $800 on March 8th
Check #1004 for $200 on March 11th
Check #1005 for $500 on March 18th
On the monthly statement, the cleared checks shown are:
Check #1001 for $600 on March 2nd
Check #1002 for $150 on March 5th
Check #1003 for $800 on March 8th
Check #1005 for $500 on March 18th
By comparing the two, we can see that Check #1004 for $200 is an outstanding check.
(b) The total of the outstanding deposits is $200.
Step 3: Identify Differences
Now, let's determine why there is a difference between the uncorrected balance in the check register and the balance on the statement. This difference can be due to various factors such as:
Outstanding checks or deposits not yet cleared by the bank
Bank fees or charges not recorded in the check register
Errors in recording transactions in the check register or on the statement
In this case, the difference arises from the outstanding checks and deposits. The uncorrected balance in the check register does not reflect the outstanding check of $200 and the outstanding deposit of $1,000.
(c) The difference between the uncorrected balance in the check register and the balance on the statement is due to outstanding checks and deposits that have not been accounted for.
Step 4: Calculate the Correct Balance
To determine the updated and correct balance in the check register, we start with the uncorrected balance and adjust it based on the outstanding checks and deposits.
Uncorrected balance in the check register: $6,574.35
Outstanding checks: $200
Outstanding deposits: $1,000
Updated balance in the check register: Uncorrected balance - Outstanding checks + Outstanding deposits
Updated balance = $6,574.35 - $200 + $1,000
Updated balance = $7,374.35
(d) The updated and correct balance in the check register is $7,374.35.
By reconciling the checking account, we have identified the outstanding checks and deposits, determined the difference between the uncorrected balance and the statement balance, and calculated the correct balance in the check register.
This process helps ensure accurate financial records and provides a clear picture of the account's status.
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What are 2 laws in the UK that promote good ethical practice in an organisation?
Answer:i think its uhh carrot
Explanation:
This policy should be framed very cautiously as the unsound policy may bring the life of an enterprise to an end. Identify the policy discussed here and list any 3 facilitating functions of marketing.
Answer:
After closing the accounts of revenues and expenses to Net Income, revenues’ balance is zero
. True
. False
Bro please answer me... And i will try to help you
Explain why most experts believe that official U.S. data underestimate the actual rate of unemployment. What factors could make the official rate overstate the actual unemployment rate
Answer:
people simply quit looking for jobs.
Explanation:
In order to be considered unemployed, you must be out of work for at least four weeks and be actively seeking a new job. But if after 6 months, or 1 or even 2 years, you cannot get a new job, then you might simply quit looking for one. Since you quit looking for a job, you are not considered unemployed.
For your project, you will be doing a Competitor Marketing Analysis Report on the:
Question 3 options:
All companies in the chosen industry
A company you created
An existing company known as the Chief Industry Competitor
Any company
Which of the following statements is true?
A. The World Trade Organization tries to determine who to blame in
trade disputes.
B. The World Trade Organization is only concerned with trade among
industrialized countries.
C. The World Trade Organization tries to improve trading prospects
for developing countries.
D. The World Trade Organization eventually resolves all trade
disputes successfully
SUBMIT
Answer:
C. The World Trade Organization tries to improve trading prospects
The World Trade Organization tries to improve trading prospects out of the following statements is true. The correct option is C. When countries agree to open their markets for products or services in the WTO, their commitments are "bound."
What value does the WTO bring to developing countries?The WTO accords contain various provisions that grant developing and least-developed countries unique rights or extra leniency – "special and differential treatment." Among these are provisions that allow developed countries to treat developing countries more favorably than other WTO members.
The World Trade Organization runs the global trade rules system and assists developing countries in increasing their trade capability. It also provides a venue for its members to negotiate trade agreements and resolve trade disputes with one another.
Thus, the ideal selection is option C.
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Marcy has just gotten a promotion at work and she wants to buy a house. She currently pays $350 a
month for a car payment and $200 a month on her credit cards. She has a gross monthly income of
$4,000. Using the Debt Ratio Formula, calculate her potential maximum monthly house payment.
Answer:
$890
Explanation:
As per the 28/36 rule, Marcy can have debts not exceeding 36% of her gross income. If her gross income is $4000, her maximum debts should be 36% of $4000
=36/100 x $4000
=0.36 x $4000
=$1,440
Marcy has a $350 car payment and 200 credit payments every month.
current monthly payments
= $350 + $200
=$550
Marcy's loan limit is at $1440; current repayments total $550.
The maximum amount that can go to a housing loan is
=$1440 - $550
=$890
At the beginning of every shift, Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory. Why would he do this?A) So he can determine if employees are taking sauce home.B) So he can compare the quantity used with the budgeted amount.C) So he will know how much pizza sauce to order.D) So he will know how many customers visited his pizza parlor during his shift.
Answer:
B) So he can compare the quantity used with the budgeted amount
Explanation:
For a business to keep making profit it needs to ensure that the amount of materials it is using in its production process is within a defined limit. So it sets up a budget to guide the amount of raw materials to be used.
In this scenario Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory.
This is done to compare quantity of raw materials used to the given budget of the business.
This check will make sure that the business stays profitable.
what does social media help to do? build loyalty b) give brand feedback c) build a database of loyal users d) all of the choices are correct
Social media facilitates brand input.
Social media are interactive media platforms that facilitate the creation and dissemination of material, such as knowledge, ideas, interests, and other forms of expression, through online communities and networks. Despite difficulties in defining social media due to the range of standalone and integrated social media services currently offered, there are certain common characteristics: Social media are Web 2.0 Internet-based interactive apps. The lifeblood of social media is user-generated content, which includes written postings or comments, digital photographs or videos, and statistics from all online interactions. For the website or app, users build service-specific profiles that are created and maintained by the social media company. By linking a user's profile with those of other people or groups, social media aids in the growth of online social networks.
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.. If two variables have a direct relationship on a graph, it indicates that
A. both variables are not related.
B. as one variable rises, the other variable falls.
C. both variables are moving in the same direction.
D. as one variable rises, the other variable is constant.
Answer:
Option C. Both variables are moving in the same direction.
Explanation:
The reason is that in the direct relationship, the variables move in the same direction which means if one of the variable increases then the other will also increase and vice versa. So the only option that satisfies this condition is option C.
the purchase of u.s. government bonds by the fed is called: group of answer choices the money multiplier. open market operations. discount window lending. fractional reserve banking.
The purchase of U.S. government bonds by Fed is called option b) open market operations.
What is open market?An open market refers to a market in which buyers and sellers freely exchange goods and services without any external intervention or regulation. In such a market, the price and quantity of goods are determined by the forces of supply and demand. This means that there are no barriers to entry, and anyone can participate as a buyer or seller. Open markets can exist in both physical and virtual spaces, such as online marketplaces. The concept of an open market is often associated with free-market economic policies that promote competition and innovation. However, in practice, some degree of regulation may be necessary to ensure fair competition, protect consumers, and prevent monopolies.
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Which step directly follows "loss of jobs” in the stagflation cycle?
Answer:
fewer items produced
Explanation:
Answer:
D
Explanation:
Which statement best describes the relationship between inflation and
savings?
A. As savings grow faster than inflation, the savings will buy less.
B. As inflation increases faster than savings, the savings are worth
less.
O C. As savings grow slower than inflation, the savings will buy more.
D. As inflation decreases faster than savings, the savings are worth
more.
Answer:
B. AS savings grow fast than inflation, the savings the savings are worth less.
Explanation:
This is because Over time, inflation can reduce the value of your savings, because prices typically go up in the future. This is most noticeable with cash. If you keep $10,000 under your bed, that money may not be able to buy as much 20 years into the future.
The statement that best describes the relationship between inflation and savings is that: As inflation increases faster than savings, the savings are worthless.
What is Inflation?Inflation can be defined as a decrease in the purchasing power of money that is reflected in a general increase in the prices of goods and services in an economy.
The relationship between inflation and savings can be described as a point where inflation increases faster than savings, the savings would be worthless.
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Marla is a buyer at a major corporation. Although she is authorized to make purchasing decisions on her own, she often seeks the input of trusted colleagues before settling on a decision. What type of buying center does Marla participate in
Answer:
Consultative
Explanation:
I did this question
What are some common spreadsheets applications?
USES ( APPLICATIONS) of spreadsheet are;
1) to create budgets : Excel can be used in creation of budget s which is the estimation of revenue as well as expenses which covers specified future period of time.
2)produce graphs and charts: it's application is helpful in creating graphs in mathematics as well as statistics
3 for storing and sorting data: Data sorting can be done using spreadsheet. It involves arrangements of data into an order in order to make analysis of the data easier.
SPREADSHEET APPLICATION
1)Microsoft Excel : This is used in data
crunching , it can handle large data sets.
2)LibreOffice : it's applicable in Calc for a free as well as native spreadsheet app.
4) Smartsheet: is useful when handling
task involving non-spreadsheet and can be used for project management.
5)Quip : it's useful for integration of
spreadsheets into shared documents.
When channel members realize individual benefits can be maximized by working together, making the distribution more efficient, a _______ marketing system has been created.
When channel members realize individual benefits can be maximized by working together, making the distribution more efficient, as corporate vertical marketing systems marketing system has been created.
A system of distribution channel organization in which the orderly flow of products from producer to end-user is controlled by common ownership of the different levels of the system.
In a vertical marketing system, manufacturers, wholesalers, and retailers participate together in the production and distribution process. Therefore, business owners can manage their businesses efficiently and obtain a more significant market share. A vertical marketing system tries to eliminate competition and conflict that often arise between companies. As a result, there’s better efficiency and a reduction in production cost and product costs.
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Q1. This organizational structure violates the unity of
command principles because of dual reporting
relationship.
A. Functional organization
B. Line type organization
C. Matrix organization
D. Network organization
Q2. It is a collection of independent, mostly single
function enterprises that collaborate on a good
or service.
A. Divisional organization
B. Functional organization
C. Matrix organization
D. Network organization
Q1. This organizational structure violates the unity of command principles because of dual reporting relationship.
Q2. It is a collection of independent, mostly single function enterprises that collaborate on a good or service.
Answer:C. Matrix Organization A. Divisional Organization Explanation:That's my opinion and I hope it helps ^_^
#CARRYONLEARNING #STUDYWELLconsider a four-year, default-free bond with annual coupon payments and a face value of $1000 that is issued at par. what is the coupon rate of this bond?
If the bond is issued at par, this means that its initial price is equal to its face value of $1000. Therefore, the present value of all the future cash flows from the bond (i.e., the sum of the present values of the annual coupon rate and the face value) must also be equal to $1000.
We can use the formula for the present value of an annuity to calculate the present value of the annual coupon rate payments:PV = C * [(1 - 1/(1 + r)^n) / r] where PV is the present value of the annuity, C is the annual coupon payment, r is the discount rate, and n is the number of periods (in this case, 4).Since the bond is default-free, we can use the risk-free rate as the discount rate. Let's assume that the risk-free rate is 2%. Then, plugging in the values, we get: $1000 = C * [(1 - 1/(1 + 0.02)^4) / 0.02] Simplifying the equation, we get: $1000 = C * 3.629895...Dividing both sides by 3.629895..., we get: C = $275.58 (rounded to the nearest cent)Therefore, the coupon rate of the bond is: Coupon rate = (Annual coupon payment / Face value) * 100% = ($275.58 / $1000) * 100% = 27.56% So the coupon rate of this bond is 27.56%.
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Why is it necessary for agricultural practices to continue changing?.
It is important for agricultural practices to continue changing so as to;
Increase agricultural produce.What is agricultural practices?agricultural practices are techniques that are used in cultivation of crops and rearing of animals.
With the evolvement of different techniques in agriculture, such as usage of machinery and cross breeding there has been increase in production of goods and animals.
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Which of the following transactions would decrease cash?
A.Capital investment by the owner
B.Payments to creditors
C.Cash sales
D.Payments received from debtors
Answer:
B. Payments to creditors
an application for the sale or controlling interest in a business is considered approved if the commissioner does not deny an application within
An application for the sale or controlling interest in a business is considered approved if the commissioner does not deny an application within "90 days after its receipt".
The sale is the term in the economics which states that the period during the dealer or seller sells their products or offering services at the reduced prices as compared to the current market price of that products or services.
The controlling interest in the business in the area of financial interest which states when the shareholder or stockholder holds the stocks of the company as well as partnership interest which states that the ownership of the company have at least 70% of the profits or capital of such partnership.
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1. You deposit $5000 each year into an account earning 5% interest compounded annually. How much will you have in the account in 35 years?
$________
2. You deposit $400 each month into an account earning 7% interest compounded monthly.
a) How much will you have in the account in 20 years?
$______
b) How much total money will you put into the account?
$___________
c) How much total interest will you earn?
$_______________
3. You have $400,000 saved for retirement. Your account earns 7% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years?
$___________
PLEASE HELP ME IM STRUGGLING IN THIS PLEASE I DON'T WANT TO FAIL. LAST PERSON ANSWERED WRONG PLEASE HELPPP THANK YOU
1. You deposit $5000 each year into an account earning 5% interest compounded annually. How much will you have in the account in 35 years?
The formula for calculating the future value of an annuity is:FV = PMT × (((1 + r)n - 1) / r), where:FV = Future Value of the AnnuityPMT = Amount Deposited each Yearr = Interest Rate Per Periodn = Number of PeriodsFor the given problem, the amount deposited each year (PMT) is $5000, the interest rate (r) is 5% and the number of periods (n) is 35.
We need to calculate the future value (FV) of the annuity.So, we get:FV = $5000 × (((1 + 0.05)35 - 1) / 0.05)FV = $5000 × (((3.386) / 0.05))FV = $5000 × 67.72FV = $338,581.74Therefore, the amount in the account after 35 years will be $338,581.74. 2.
You have $400,000 saved for retirement. Your account earns 7% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years?To find out the amount you can withdraw each month, we can use the formula for Present Value of an Annuity, which is given as:PV = PMT x ((1 - (1 + r)-n) / r), where:PV = Present Value of Annuity
PMT = Amount of each paymentr = Interest rate per periodn = Number of periodsWe are given that the amount in the account is $400,000, the interest rate (r) is 7% and the number of periods (n) is 25 x 12 = 300 months. We need to calculate the amount that can be withdrawn each month (PMT).
So, we get:$400,000 = PMT x ((1 - (1 + 0.07)-300) / 0.07)Simplifying this equation gives:PMT = $400,000 / ((1 - (1 + 0.07)-300) / 0.07)PMT = $2,864.49Therefore, you will be able to withdraw $2,864.49 each month for 25 years.
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True or False: Labor is usually your lowest expense.
Answer:
False, if your talking about workinghard it is false bc you could break a bone or worse in the work of labor
False, still bc if your talking about having a child than your losing a lot of blood and pain is coming from it
so eathier way u go its still false
hoped this helped let me know if it did
Why is Rent to Own a Rip Off?
Brownsville Novelty Store prepared the following budget information for the month of May: Sales are budgeted at $360,000. All sales are on account and a provision for bad debts is made for each month at three percent of sales for the month. Inventory was $84,000 on April 30; an inventory increase of $12,000 is planned for May 31. All inventory is marked to sell at cost plus 50 percent. Estimated cash disbursements for selling and administrative expenses for the month are $48,000. Depreciation for May is projected at $6,000. Brownsville's budgeted bad debts expense for May is:
Answer: $10800
Explanation:
Brownsville's budgeted bad debts expense for May will be calculated by multiplying the sales budgeted for May by the percentage allocated to the provision for bad debt. This will be:
= $360,000 × 3%
= $360,000 × 3/100
= $360,000 × 0.03
= $10800
Brownsville's budgeted bad debts expense for May is $10800
A ball of mass 1.5 kg is thrown upward. It leaves the thrower's hand with a velocity of 10 m/s. The following questions refer to the motion after the ball leaves the thrower's hand. Assume that the upward direction is positive. Please show me the work, I am lost, thank you
A. How long before the ball returns to the throwers hand?
B. What is final velocity of the ball just before it reaches the hand?
C. What is the change in momentum of the ball?
D. What is the impulse calculated from the change of momentum?
E. from the impulse, find the average force acting on the ball. What causes the force?
After the ball hits the thrower's hand it comes to a rest in .25 sec.
A. What is the net impulse exerted on the ball by the hand?
B. What is the average force exerted by the hand on the ball during the .25sec that the ball is being stopped?
C.What is the average force exerted by the ball on the hand during this time?
A. The ball takes approximately 1.02 seconds to return to the thrower's hand.
B. The final velocity of the ball just before reaching the hand is -10 m/s.
C. The change in momentum of the ball is -30 kg·m/s.
D. The impulse calculated from the change in momentum is -30 kg·m/s.
E. The average force acting on the ball is approximately -29.41 N, caused by gravity.
After hitting the thrower's hand:
A. The net impulse exerted on the ball by the hand is 15 kg·m/s.
B. The average force exerted by the hand on the ball during the 0.25 seconds is 60 N.
C. The average force exerted by the ball on the hand during this time is also 60 N, but in the opposite direction.
A. To find the time before the ball returns to the thrower's hand, we can use the equation of motion for vertical motion:
v = u + at
where:
v = final velocity (0 m/s when the ball reaches the thrower's hand)
u = initial velocity (10 m/s when the ball leaves the thrower's hand)
a = acceleration due to gravity (-9.8 m/s^2, considering the downward direction as negative)
t = time
Rearranging the equation, we have:
0 = 10 - 9.8t
Solving for t, we get:
t = 10/9.8 ≈ 1.02 seconds
Therefore, it takes approximately 1.02 seconds for the ball to return to the thrower's hand.
B. The final velocity of the ball just before it reaches the hand is the same as its initial velocity, but in the opposite direction. So the final velocity is -10 m/s.
C. The change in momentum of the ball is given by the equation:
Δp = m(v_f - v_i)
where:
Δp = change in momentum
m = mass of the ball (1.5 kg)
v_f = final velocity (-10 m/s)
v_i = initial velocity (10 m/s)
Δp = 1.5(-10 - 10) = -30 kg·m/s
The change in momentum is -30 kg·m/s.
D. The impulse is defined as the change in momentum. So the impulse calculated from the change in momentum is -30 kg·m/s.
E. To find the average force acting on the ball, we can use the equation:
Impulse = average force × time
Since we have the impulse (-30 kg·m/s) and the time (1.02 s), we can rearrange the equation to solve for the average force:
Average force = Impulse / time = -30 kg·m/s / 1.02 s ≈ -29.41 N
The negative sign indicates that the force is acting in the opposite direction to the motion of the ball. In this case, the force is due to gravity, which causes the ball to decelerate as it moves upward and accelerate as it moves downward.
After the ball hits the thrower's hand and comes to rest in 0.25 seconds:
A. The net impulse exerted on the ball by the hand is equal to the change in momentum. Since the ball comes to rest, the final velocity is 0, and the initial velocity is -10 m/s. Thus, the change in momentum is given by:
Δp = m(v_f - v_i) = 1.5(0 - (-10)) = 15 kg·m/s
Therefore, the net impulse exerted on the ball by the hand is 15 kg·m/s.
B. The average force exerted by the hand on the ball during the 0.25 seconds can be calculated using the formula:
Average force = Impulse / time = 15 kg·m/s / 0.25 s = 60 N
The average force exerted by the hand on the ball during the 0.25 seconds is 60 Newtons.
C. The average force exerted by the ball on the hand during this time is equal in magnitude but opposite in direction to the force exerted by the hand on the ball. Therefore, the average force exerted by the ball on the hand is also 60 Newtons, but in the opposite direction
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Note this question belongs to the subject Physics.
What modern forms of communication have begun to replace talking on the telephone for 21st century managers? (choose every correct answer.)
Modern forms of communication include sending emails, texts, and posting on social media. For managers and even business owners in the 21st century, using these forms has begun to gradually replace talking on telephone.
Although face-to-face communication takes up 60% of a manager's workday on average, 40% of that time can be devoted to participating in more modern forms of communication. These days, e-business is everywhere. A manager using the Internet for all aspects of bookkeeping is an example of it.
Companies seek top managers who are energetic, have the ability to inspire and engage others, and can communicate effectively in person or virtually.
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Income tax is a type of _____ tax.
A.progressive
B.regressive
C.digressive
D.permissive
Income tax is a type of progressive tax .
What does "progressive tax" mean?
Progressive taxation is a type of taxation where the taxing body imposes higher rates of taxation as the taxpayer's income rises. Taxes are collected in varying amounts depending on the taxpayer's income, with larger taxes being collected from those making more money than those making less. The tax system used by the government is progressive.
What do regressive and progressive taxes mean?
A regressive tax is one in which the relative burden increases less than proportionately to the increase in income, whereas a progressive tax increases more than proportionally to the growth in income.
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choose the best words to complete each sentence and form a true statement
Bard needs help repaying the loan he got to pursue a graduate program in a top-ranking university. If Bard opts for a work-study program, he will get a blank job. But first, Bard needs to check if hid college participates in the blank
military
part-time
full-time
Federal work-study program
Federal pell grant
Federal perkins loan program
If Bard opts for a work-study program, he will get a part time job. But first, Bard needs to check if hid college participates in the Federal work-study program.
What is the work-study program?The work-study program is a program that allows students in tertiary institutions to be able to work while studying in order to be able to finance their education.
The federal government offers a work-study program for certain universities where the student will have to work part-time and will have to maintain a certain grade. Bard needs to check if his university is one of such university where the federal government offers the program.
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Which security term is used to describe the likelihood of a threat to exploit the vulnerability of an asset, with the aim of negatively affecting an organization? Vulnerability
Threat
Exploit
Risk
The security term is used to describe the likelihood of a threat to exploit the vulnerability of an asset, with the aim of negatively affecting an organization is Risk. Thus option D is correct.
What is an asset?A resource of the business which has an economic value in the future to the business which helps business activities to take place smoothly is considered as an asset.
The definition of risk is the possibility that something bad might happen or any uncertainty that might disturb or affect a person's well-being or an asset in terms of physical harm or monetary loss.
Therefore, option D is appropriate.
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g Suppose the own price elasticity of demand for good X is -3, its income elasticity is 2, and the cross price elasticity of demand between good X and Y is -5. Determine how much the consumption of this good will change if: 1. The price of good X increases by 5% 2. The price of good Y increases by 12%
Answer:
Sry, I can't understand anything at all!