Answer:
price elasticity of supply (PES) = % change in quantity supplied / % change in price
- PES = -0.8
- % change in quantity supplied = -5%
-5% = -0.8 / % change in price
% change in price = -0.8 / -5% = 16%
we are not given the initial price of the golf balls and I looked for similar questions but couldn't find any. But assuming that the initial price is $1, then the new price = $1 x (1 + 16%) = $1.16. If the initial price was $2, then new price = $2 x (1 + 16%) = $2.32. And son on.
I think answer should be a. Please give me brainlest let me know if it’s correct or not okay thanks bye
Productivity in the service sector is difficult to measure because new technology adds to quality of services provided.
<h3>What is productivity?</h3>
Productivity is defined as the efficient way of producing goods and services. Productivity occurs when the input to a system matches the output.
When technology is added to productivity, the service sector finds it difficult to measure due to the quality of the services provided
learn more on productivity here; brainly.com/question/2992817
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Answer:
Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties.
a small piece of ownership in a company - stock
a company’s initial offering of stock - IPO
a portfolio of stocks and bonds - mutual funds
a public stock exchange - NASDAQ
