Answer:
A price increase of 1% will reduce quantity demanded by 4%
Explanation:
If the price elasticity is 4 then, this demand is highly responsive to changes in price.
So it will decrease by more than the price increase.
we must remember that the price-elasticity is determinate like:
↓QD / ΔP = price-elasticity
if the cofficient is 4 then a 1% increase in price:
↓QD / 0.01 = 4
↓QD = 0.04
Quantity demanded will decrease by 4%
A table is a systematic arrangement of data implementing columns and rows to display information which make it easier for better understanding.
Table number: A table should always be numbered for easy identification
Title of the table
Stubs: These refer to the headings of horizontal rows.
Captions: these refer to the headings of vertical columns
Clear, to the point and a suitable font/ size for the text. Information must be inserted in the same format into the appropriate cells
Answer:
Social companionship
Explanation:
Social companionship is a type of friendship or relationship between individuals who share similar likes and benefit from each other as they feel a sense of closeness doing things they like together. Donovan and Keith, who share some similarities and likes between each other, provide social companionship to each other as they hang out together as fans of a club.
