Which one is not correctly matched? 1 point a. Perfectly inelastic demand: I. Ed =0 b. Perfectly elastic demand: II. Ed > 1 c. Elastic demand: III. Ed > 1 d. Inelastic demand: IV. Ed < 1
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Explanation:
Rise Ltd had issued 40,000, 8% debentures of Rs. 100 each redeemable
on 31st march 2015. It was decided to invest 15% of the face value of
debentures to be redeemed towards debenture redemption investment on
30th april 2014. Investments were encashed and debentures were
redeemed on due date. Record necessary journal entries for redemption of
debentures
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