I did my research, and competition helps consumers by keeping the prices low and the services/goods fairly high. Competition helps our economy to grow, and the Commission helps to make sure markets are not only open, but free. I’m not sure if this is the answer you’re looking for or the right answer, but this is what I found from research.
Answer:
The answer is below
Explanation:
i) The price elasticity of demand is given by the formula:
Since the price elasticity of demand is greater than 1 hence it is elastic
ii) Since the price elasticity of demand is elastic as a result of increase in fare, hence the total revenue would decrease.
iii)
Since the price elasticity of demand is greater than 1 hence it is elastic
Answer:
Allow the phone to ring "five to six times"
The answer that will fill in the sentence is that, what comes next to wider is 'wider span of control'. It is because a manager who has direct subordinates has a wider span of control because he or she has a lot of people to be connected with and to assist him or her in handling things and doing things that made him or her have a wider control rather than those who only has few.
