We have two points known to be ( S ) and ( T ). A line connects two points.
The minimum number of points that are required to form a straight line in a cartesian coordinate system are ( two ).
The minimum number of points that are required to form a plane in a cartesian coordinate system are ( three ) which will form two vectors i.e it requires two lines formed with a common point.
Two planes always intersect at exactly one point with direction normal to the two plane normal vectors.
Hence, the only possible postulate that relates two points is the formation of a line between two points; hence, the correct postulate for the given statement is:
Answer:
Im pretty sure it's A because Z and AZ are collinear
Answer:Surface
Step-by-step explanation:
Answer:
When the demand for a good is highly elastic, the producer can increase revenue by reducing the price slightly.
Explanation:
Prices can either be Elastic, Inelastic, or Unitary.
The assumption is that the scenario in the question is in a perfect market. A perfect market is one where there are numerous buyers and sellers and there is little or no gap in information about market conditions such as cost of input, prices of the competition, etc.
When the demand for a product is elastic, it means that it is sensitive to changes in price. Price Elasticity is in degrees. When the demand for a product is highly elastic, it means that small changes in price lead to even greater changes in demand.
So for the producer to increase revenue in the short run (all things being equal) all they need to do is reduce the price slightly. This will increase revenue because it most likely will translate to a more than proportionate increase in quantity demanded.
Recall that markets are dynamic and the most predictable reaction of the other producers to this move will be an equal or even greater reduction in price in order to win back lost customers. Hence to sustainably maintain this position The producer will have to ensure that their product is sufficiently differentiated with unique value additions that are impossible or difficult to replicate.
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