1 Chess is generally reckoned to be primarily a tactical game, whereas Go has more of a balance of strategy and tactics.  Initiative - In both games having the initiative can give one control of the course of the game (for a while, at least).
1 Income effect-Inventory and cost of goods sold are interdependent. 2  As a result, if LIFO method is used in a rising-price and increasing-inventory environment, more of the higher-cost goods (last ones in) will be accounted for in COGS as opposed to FIFO.IFO will use the cost of the old stock to determine the COGS, making the profitability ratio less reflective of the current economic reality. As a general rule, in a rising-price and stable-or increasing-inventory environment,using profitability measures based on LIFO is better.
1 Therefore, a one percent increase in price will result in a .25 percent decrease in quantity demanded. 2  This wine is relatively inelastic when the price is $20. 3  When the price is $50, the elasticity of demand is -1. 4  Therefore, a one percent increase in price will result in a 1 percent decrease in quantity demanded.