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ZanzabumX [31]
3 years ago
12

If the elasticity of demand for a good at a certain price is greater than one, we describe demand as _____.

Social Studies
1 answer:
Alekssandra [29.7K]3 years ago
6 0

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.

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6 0
4 years ago
Consistent behavior patterns that people display in many different situations are:__________
larisa86 [58]

Consistent behavior patterns that people display in many different situations are often called individual differences by personality psychologists.

<h3>What is individual difference?</h3>

Individual difference is what makes an individual different form another.

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Therefore, Consistent behavior patterns that people display in many different situations are often called individual differences by personality psychologists.

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3 0
2 years ago
Study the map of the United States.
Mashcka [7]

Answer:

cities and states are the correct answers

3 0
3 years ago
Which one of the following is not a geographical feature of the Indian subcontinent?
Anna35 [415]

Answer:

A. Plains located to the south of the Himalaya are lacking in rivers.

Explanation:

There major rivers originate in the Himalayas and flow in different directions over long distances before dumping into the sea. They are the Indus, Ganja and the Brahmaputra rivers.

There are several tributaries that drain the plains to the south of the Himalayas and then feed the Indus river.

The direction of flow of the indus river is initially to the west and then it flows southwards towards the arabian sea.

3 0
3 years ago
Sandra has relatively high subjective well-being. As such, we can predict she is most likely to do which of the following?
Mice21 [21]

Answer:

3. Donate her time and money to help others in her community or around the world to try and make a difference.

Explanation:

High subjective well being of a person is determined by the level of satisfaction one has about his life. It includes both cognitive and affective domains of a person. It is determined by three components that are: life satisfaction, positive affect, and negative affect. When a person enjoys a high level of life satisfaction with greater positive affect and less negative affect he is said to have a high level of subjective well being.

Option third add value to the life of Sandra and therefore reflects her high level of subjective well being.

4 0
3 years ago
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