The money left over the cost of making a product or providing a service
<h2>Given:-</h2>
- Initial velocity ,u = 0m/s
<h3>To Find:-</h3>
- Distance travel by the boat ,s
<h3 /><h3>Solution:-</h3>
We have to calculate the distance covered by the boat in given time interval. Using 2nd equation of motion
<h3>s = ut + 1/2at²</h3><h3 />
where,
v is the final velocity
a is the acceleration
u is the initial velocity
t is the time taken
s is the distance covered
Substitute the value we get
:⟹ s = 0×8 + 1/2×3 × 8²
:⟹ s = 0 + 1/2 × 3 × 64
:⟹ s = 3/2 × 64
:⟹ s = 3 × 32
:⟹ s = 96 m
Hence, the distance covered by the steam boat is 96 metres.
Answer:
Explanation:
Price elasticity = Percentage change in demand/Percentage change in Price
Percentage change in Q= 513-236=277/513x100 = 53.99%
Percentage change in P= 0.89-0.67= 0.22/0.67x100 = 32.83%
Ed=53.99/32.83 = 1.6
Since the price elasticity of demand is elastic so the company should decrease the price to increase revenu
Answer:
given price in a given time period
Explanation:
Demand is the quantity of a good or service that consumers are willing and able to buy at a given price in a given time period. Each of us has an individual demand for particular goods and services and our demand at each price reflects the value that we place on a product, linked usually to the enjoyment or usefulness that we expect from consuming it. Law of demand states that If the price of something goes up, people are going to buy less of it.The higher price leads to a lower quantity demanded and that a lower price leads to a higher quantity demanded. Demand is based on needs and wants a consumer may be able to differentiate between a need and a want, but from an economist’s perspective they are the same thing. Demand is also based on ability to pay. If you cannot pay, you have no effective demand. What a buyer pays for a unit of the specific good or service is called price. The total number of units purchased at that price is called the quantity demanded. An increase in the price of a good or service almost always decreases the quantity demanded of that good or service. Conversely, a decrease in price will increase the quantity demanded.
Answer:
The correct answer is letter "A": larger; demanded.
Explanation:
Elasticity is the characteristic of goods and services by which their quantity demanded changes in proportion to the change in prices. <em>Elasticity is calculated by dividing the percentage change in the quantity demanded by the percentage change in price. </em>
<u><em>If the result is equal to or greater than one (1), the demand for the product is elastic, meaning a minimum change in price causes a greater change in quantity demanded</em></u>. If the result is lower than 1, the demand is inelastic which implies that changes in the price of a product almost do not change the quantity demanded.
