Economist X. M. Gao and two colleagues have estimated that the cross-price elasticity of demand between beer and spirits is 0.15 If so, then beer and spirits are substitutes Gao and colleagues have estimated that the cross-price elasticity of demand between beer and wine is 0.31 If the price of wine increases by 10 percent, then the quantity of beer demanded will ▼| by □ percent. (Enter your response rounded to one decimal place.) In addition, Gao and colleagues have estimated the income elasticity of demand for beer to be 0.09 If so, then beer is 0 A, a luxury that may be a normal good or an inferior good. O B. a normal good that is a necessity 0 C, an inferior good O D. a normal good that may be a luxury or a necessity O E. a normal good that is a luxury

Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i. e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000