Answer:
if a change in the price of the good brings about a much smaller change in the quantity demanded for the good.
Explanation:
<em>The price elasticity of demand is a measure of the change in the demand for a good in relation to a change in the price of the same good. </em>Mathematically, the price elasticity of demand for a product is represented as:
Price elasticity = change in the quantity demanded/change in price
The value of price elasticity of demand ranges from 0 to infinity. The price elasticity of demand is
- relatively inelastic when the value is less than 1,
- unitary elastic when it is equal to 1,
- relatively elastic when it is greater than 1,
- perfectly inelastic when it is equal to 0, and
- perfectly elastic when the value is infinity.
<u>Less elastic price elasticity of demand is equivalent to relatively inelastic price elasticity. This thus means that the price elasticity of demand is less than 1; a percentage change in the price of the good brings about a disproportionately smaller percentage change in the quantity demanded for the good.</u>
Answer:
A. 2 books and 20 pencils
Explanation:
2 x5$= 10$
20x 0.50$= 10$
10$+10$=20$
Answer:
1 and 3 or A and C
Explanation:
I did it on edgnuity mark me brainliest
Answer:C. The price per stock declined from 2008 to 2009
Explanation: the graph declines at 2008 and increases at 2009
Software designed for real estate agents is an example of vertical market software. The vertical market software is type of software focused on <span>specific industry or market and their needs.
Horizontal market software on the other hand can be used in </span><span>a wide array of industries.</span>
