Answer:
<h3>(4) A measure of how consumers react to a change in price.</h3><h3 />
Explanation:
- The elasticity of demand is simply the change in demand due to change in the price of a product.
- As we know demand is proportionate to the price of a product, when products are produced at a lower price, there is an increase in the demand.Similarly, if products are produced at a higher price, the demand also falls.
- The elasticity of demand is a measure of how consumers react to a change in price. It helps consumers to understand the market price of a commodity and thereby, reacts according to the price.
Answer:
The Founding Fathers declared their independence with an important document.
Explanation:
This is the main reason why the Founding Fathers of the United States are easy to identify. The Founding Fathers of the United States wrote a document that marked the establishment of the new country. This document was the Declaration of Independence. This text was not only significant because it marked the end of English government in the colonies. It was also important because it marked the beginning of the new country of the United States.
Answer:
D. It says that the government can take the land but must pay a fair price to the owners.
Explanation:
