I hope my answer helped u under stand better
Answer:
Heliocentrism is the astronomical model in which the Earth and planets revolve around the Sun at the center of the Universe.
Explanation:
Answer:
increase by 8 percent
Explanation:
<em>Price elasticity of supply of a product is the degree of responsiveness of supply of that product to a change in price.</em> Simply put:
Price Elasticity of supply = change in quantity supply/ change in price.
In this case, price elasticity of supply of gasoline = 0.4
Percentage price increase = 20 percent.
Hence,
0.4 = change in supply/20
Change in supply = 20 x 0.4 = 8 percent
<em>Therefore, the quantity supply of gasoline will increase by 8 percent</em>
