Secession, slavery, Abe Lincoln becoming president, expansion, the bleeding Kansas, industry vs farming
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8. How well you work with others and interact with the public indicates your is <span>interpersonal skills
9. The answer would be letter D which is </span><span>all of the above</span>
Answer:
Elastic demand
Explanation:
Price elasticity of demand is a concept that seeks to measure the sensitivity of demand to the price of a good or service. Thus, if demand is elastic, it means that even small variations in price have a strong impact on demand. Conversely, if demand is inelastic, variations in the price of the good will not greatly affect demand, meaning consumers will continue to demand that particular good or service.
The calculation of the price elasticity of demand consists in the division between the variation of the quantity demanded by the variation in the price practiced. If the result is greater than 1, demand is considered elastic (price sensitive). Conversely, if elasticity is less than 1, demand is considered inelastic (little price sensitive). If elasticity equals one, then the change in demand is exactly the same as the price change.
