The demonetization policy announced on 8th November 2016 was an unexpected decision taken by the Indian government. The policy has been criticized as well as appreciated, but its impact on businesses has been a bigger concern. The policy affected the purchasing power of major population of the country, which led to decline in demand for products. Many industries were unaffected and maintained steady growth, while some industries suffered the wave of demonetization. Which characteristic of business is being exemplified in the above case? Explain
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Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?
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Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.
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The demonetization policy announced on 8th November 2016 was an unexpected decision taken by the Ind...
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