For this particular problem there will be Infinite solutions
<span>I feel he doesn't give anything about himself being a mouse and Tom being a cat. He feels they are like 'two peas in a pod,' and simply wants to prove, from time to time, as to who is the boss.</span>
The correct answer is 2.
Elasticity measures the sensibility of the quantity supplied or demanded when the price of the product is modified. In this example we will compute the elasticity of the supply function.
<u>The supply function is inelastic</u> in the sense than when a price increase is performed (from P1 to P2) the quantity supplied increases in a lower proportion (from Q1 to Q2). Let's prove this by calculating the percentage increase experienced by each of the two variables:
- Price: (7-4)/4 * 100% = + 75%
- Quantity supplied: (5-3)/3 * 100%= +66.66%
When there is a price increase of the 75%, the quantity supplied increases a 66.66% (<75%).
India is a country. Indiana is a state.
<span>checks and balances is the answer
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