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Harlamova29_29 [7]
2 years ago
8

_______ is a hybrid ADR in which both parties first submit to mediation for a set period of time (perhaps two business days). If

the mediation fails, the process then moves to binding arbitration.
Business
1 answer:
Sunny_sXe [5.5K]2 years ago
8 0
<h3>Discovery, Exculpatory</h3>

is a hybrid ADR in which both parties first submit to mediation for a set period of time (perhaps two business days). If the mediation fails, the process then moves to binding arbitration.

<h3>What is Hybrid ADR ?</h3>

A hybrid dispute resolution process combines two or more traditional dispute resolution processes into one.

  • The most common hybrid process is med-arb in which the same individual or dispute resolution forum acts first as a mediator and then if necessary, as an arbitrator.

Learn more about Hybrid ADR here:

brainly.com/question/23415263

#SPJ4

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3 0
3 years ago
Six months​ ago, the price of gasoline was​ $2.20 per gallon.​ Now, the price is​ $2.40 per gallon. In response to this price​ i
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Answer:

4.545

Explanation:

Given:

Six months​ ago, the price of gasoline was​ $2.20 per gallon.

Now, the price is​ $2.40 per gallon.

In response to this price​ increase, the number of gallons of gasoline purchased has declined by 2 percent.

Question asked:

Based on this​ information, what is the absolute price elasticity of demand for​ gasoline?

<u>Solution:</u>

As we know:

Price elasticity of demand = \frac{\% change\ in\ quantity\ demanded}{\% change\ in\ price}

\% change\ in\ quantity\ demanded = \frac{new\ value-old \ value}{old\ value} \times100\\

                                                  =\frac{2.40-2.20}{2.20} \times100\\\\ =\frac{0.2}{2.20} \times100\\ \\ =\frac{20}{2.20} \\ \\ =9.09

\% change\ in\ price=2  ( given)

Price elasticity of demand = \frac{\% change\ in\ quantity\ demanded}{\% change\ in\ price}

                                           =\frac{9.09}{2} \\ \\ =4.545

Thus, the absolute price elasticity of demand for​ gasoline is 4.545

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