Yes, this is true. Close substitutes for a good will make the demand for that good more elastic, since consumers can easily switch to a different good if the price of the original good rises.
<h3><u>The Impact of Close Substitutes on Price Elasticity of Demand</u></h3>
The demand for a good with many close substitutes is likely to be relatively elastic. This is because when the price of the good increases, consumers can easily switch to one of the close substitutes, which limits the effect of the price increase on demand.
For instance:
- If the price of a particular brand of cereal rises, consumers may decide to purchase a different brand of cereal as an alternative, rather than paying the higher price.
This ability to switch to a close substitute reduces the impact of the price increase on demand.
Elasticity is an important concept in economics and can be used to understand how prices and demand interact.
- When demand is elastic, an increase in price will cause a large decrease in demand. This is because consumers have the ability to switch to close substitutes, which limits the effect of the price increase.
- On the other hand, when demand is inelastic, an increase in price will cause only a small decrease in demand. In this case, consumers do not have close substitutes available, so they are more likely to continue purchasing the good despite the price increase.
Learn more about <u>Elasticity </u><u>of </u><u>Demand</u> at: brainly.com/question/5078326
#SPJ4
Answer:
The page field is 8-bit wide, then the page size is 256 bytes.
Using the subdivision above, the first level page table points to 1024 2nd level page tables, each pointing to 256 3rd page tables, each containing 64 pages. The program's address space consists of 1024 pages, thus we need we need 16 third-level page tables. Therefore we need 16 entries in a 2nd level page table, and one entry in the first level page table. Therefore the size is: 1024 entries for the first table, 256 entries for the 2nd level page table, and 16 3rd level page table containing 64 entries each. Assuming 2 bytes per entry, the space required is 1024 * 2 + 256 * 2 (one second-level paget table) + 16 * 64 * 2 (16 third-level page tables) = 4608 bytes.
First, the stack, data and code segments are at addresses that require having 3 page tables entries active in the first level page table. For 64K, you need 256 pages, or 4 third-level page tables. For 600K, you need 2400 pages, or 38 third-level page tables and for 48K you need 192 pages or 3 third-level page tables. Assuming 2 bytes per entry, the space required is 1024 * 2 + 256 * 3 * 2 (3 second-level page tables) + 64 * (38+4+3)* 2 (38 third-level page tables for data segment, 4 for stack and 3 for code segment) = 9344 bytes.
Explanation:
16 E the answer
Answer:
A line holding HTML version information, a declarative header section (separated by the HEAD element), and a body containing the document's actual content make up an HTML 4 page.
Answer:
=Average(Cell Range)
Explanation:
The function that is used to calculate the average value of a data set or the mean in Ms. Excel is;
AVERAGE function.
In the cell B20, Enter the function;
=Average
Then select the entire attendance for 2018 as the arguments of the function. Finally, press the enter key on your keyboard.
In recent years data science has become less and less about the data itself, and more about the technology and tools used to interact with it. Advanced solutions like AI, machine learning and robust analytics tools make it possible not just to process and understand massive stores of information but at unprecedented speeds.
