Answer:
The correct answer to the following question will be "3".
Explanation:
The given values are:
Percentage demand,
= 6% i.e., .06
Percentage change in the price,
= 2% i.e., .02
Now,
Own-price elasticity of demand will be:
= 
On substituting the estimated values, we get
= 
= 
The statement that explains such a relationship is that as the percent of woodland increases, the number of deer observed in a group decreases quickly at first and then more slowly
- Nonlinear relationship is a type of relationship that changes that takes place in the output change not in direct proportion to alterations (changes) in any of the inputs.
- This type of relationship does not produce any straight line but produces a curve line.
- Negative relationship is simply known as negative or inverse correlation that occurs between two variables. That is when that one variable increases, the other decreases, and vice-versa. As in the case of the woodland and the beer. When woodland increases, the deer decreases and vice versa
Conclusively, we can say that as the statement that explains such a relationship is that as the percent of woodland increases, the number of deer observed in a group decreases quickly at first and then more slowly
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Politically correct English refers to the act of changing a word or expression instead of another in order to avoid being offensive. This can apply to situations such as sexism or racism. An example of this would be to use the term "Firefighter" instead of "fireman"
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The unsuccessful winter campaign in Russia exposed Napoleon's army to extreme cold and The French army's inability to master guerilla warfare led to its defeat in the Peninsula War.
