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Ilia_Sergeevich [38]
3 years ago
9

Define price elasticity of demand. Explain the difference between elastic demand and inelastic demand.

History
1 answer:
lina2011 [118]3 years ago
8 0

<em>Price Elasticity of demand </em>is the difference in quantity demanded compared to difference in price. <em>Elastic demand</em> is given change in price causes relatively larger change in the quantity demanded. <em>Non-Elastic demand</em> is given change in price causes relatively smaller change in the quantity demanded.

<em>One can have a strong effect on the demand curve while the other has a lesser effect!</em>

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Read 2 more answers
Pls help i will paypal or cashapp 5$
balu736 [363]

Answer:

The first answer was given by Youngsavytho

"Pakistan's natural resources range from natural gas reserves, vast land, coal, petroleum, copper, salt and iron ore among others. It has the second largest salt mines in the world, as well as world’s fifth largest gold mines. It is one of the largest producers of wheat in the world and is the seventh country in the world with nuclear power."

The second question

Oil and natural gas, like coal, are nonrenewable resources.

The third question

Fruit and chemicals. Definitely aircraft and motor parts, because half the the Pakistans' economy depends on tourism. Medicines would also be a must have for sick or injured tourists.

The fourth and fith question is given by kelleyhaley19

"Some of the major industries in the bahamas are oil-refining, cement-making, salt production, and trans-shipment. This can be a risk to the environment, because if any of the oil reaches the ocean, it could destroy wildlife. Also, and chemicals or materials used would be harmful to the tropical environment."

The sixth question

Even though Pakistan and the U.S. are drastically different in size. Pakistan holds an equally diverse land in terms of terrain and climate. Pakistan, being comparatively tiny, has more diverse land packed in. For every 10 km, you experience a different culture. That is not possible in the U.S.

The final question

The opportunities that the Pakistan could have to increase its diversification could be by: exporting business, major convention facilities, boat and ship building, and marine biology and fisheries science are a few things that could help the Pakistans diversify themselves.

you dont need to give me the money. :) If my answer helps, please mark me brainliest.

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FASSSSSSSTTTTTTTTTTTTTTTTTTTTTTTTTTT
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