Answer:
Explanation:
By definition, The elasticity of demand is the change in demand due to the change in one or more of the variable factors that it depends on. ... The responsiveness of the quantity demanded to the change in income is called Income elasticity of demand while that to the price is called Price elasticity of demand.
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Institutional liberalism has roots in classical liberalism; however, this perspective believes governmental interference in the market to achieve a number of social objectives is necessary is a TRUE statement.
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- Though the concept of institutional liberalism has directly emerged from classical liberalism, they differ from each other on numerous grounds such as the idea of interference of the government in the market.
- Institutional liberalism can be referred to as a moderated form of classical liberalism as it inclines towards seeking the assisting of the government in order to manage certain disciplinary operations in the market.
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The United Monarchy (Hebrew : הממלכה המאוחדת ) is the name given to the Israelite .kingdom of Israel and Judah, during the reigns of Saul, David and Solomon, as depicted in the Hebrew Bible. This is traditionally dated between 1050 BCE and 930 BCE.
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To answer this item, we are to use the concept of ratio and proportion. By this, we are to get the ratio of the number of cups of sugar per batch and equate this to the ratio of the second batch. To answer, we let x be the number of the cups of sugar for the second batch.
(1/2 cup of sugar) / 1 = (x cup of sugar) / (1 1/2)
x = 0.75
Hence, the number of cups of sugar needed is equal to 0.75 cups.
