The cross-price elasticity of demand for hevs and gasoline is 2.57.
<h3>What is
cross-price elasticity of demand?</h3>
A cross-price elasticity of demand is an economic tool that measure the %change in quantity demand for a good after a change in the price of another
The demand is calculated by %change in the quantity demanded of one good over %change in the price of the other good.
Hence, the % of quanitty demanded is 36% and the % of change in the price is 14%
Cross-price elasticity of demand = 36% / 14%
Cross-price elasticity of demand = 2.57142857143
Cross-price elasticity of demand = 2.57
In conclusion, the cross-price elasticity of demand for hevs and gasoline is 2.57.
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According the UCC's statute of frauds all contracts to be in writing and signed by the parties in order to be enforceable.
<h3>Why is it necessary
contracts to be in writing and signed by the parties?</h3>
It is it necessary contracts to be in writing and signed by the parties so as to be able to bind and be able to be enforceable.
The UCC which is a statute of frauds, and stressed that contracts is needed to be in writing and signed by the parties in case there will be a problem as regards the contract in the future.
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Answer:
Could you describe your question more? I think you forgot to attach a picture.
Explanation:
Area of circle is 76.44 square units.
We are given that
Base of one sector = b = 1.95 units
Height of sector = h = 4.9 units
Total number of sectors = 16
Area of one sector is equal to area of triangle (approximately)
Area of sector =
Using the formula
Area of one sector=
= 4.7775 square units
Area of circle A = 16 × Area of sector
Area of circle A = 16 × 4.7775
= 76.44 square units
Hence, Area of circle is 76.44 square units.
Option D is true.
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