If demand is inelastic, will an increase in price raise or lower total revenue? Why? If the price of soda doubles from $1.00 per can to $2.00 per can and you buy the same amount, is it considered elastic or inelastic? If the price of Pepsi increases by one cent and this induces you to stop buying Pepsi altogether and switch to Coke, is it considered elastic or inelastic?

Island novelties, inc., of palau makes two products—hawaiian fantasy and tahitian joy. each product's selling price, variable expense per unit and annual sales volume are as follows:

The following extract was taken from the worksheet of special events bakers for the year 2019. special events bakers worksheet december 31, 2019 account names cash equipment accumulated depreciation minus− equipment unadjusted trial balance debit credit $ 6 comma 800$6,800 15 comma 20015,200 $ 8 comma 500$8,500 adjusted trial balance debit credit $ 6 comma 800$6,800 15 comma 20015,200 $ 10 comma 000$10,000 for the above information, determine the amount of depreciation expense for the equipment used in the business

What is credit and debit in accounting