Answer:
b. small percentage changes in the price will lead to much larger percentage changes in the quantity demanded.
Explanation:
Price elasticity of demand is a measure of how responsive is quantity demanded to change in price. Its formula is given by:
= 
= % Change in Quantity Demanded / % Change in Price
So when absolute value is greater than 1, a x percentage change in price will lead to larger than x percentage change in quantity demanded.
<u>Note</u>: Whether the percentage change in quantity demanded will be just a little or very much larger than percentage change in price will depend on how much is larger than 1. But b is the still the best answer among the options.
The types of quasi-contractual terms with which employees view what they owe their employer and what their employer owes them are referred to as Contractual agreement.
What is Quasi-contract terms?
- When there is a dispute between the parties and there was no initial agreement between them, the court may construct an out-of-order contract. This contract has the obligation to prevent one party from unfairly benefiting at the expense of the other parties. This circumstance is known as a quasi-contract.
- A retroactive agreement between two parties with no prior contractual responsibilities is known as a quasi contract.
- A court enacts it to address a situation where one party gains something at the expense of the other.
- A retroactive agreement between two parties with no prior contractual responsibilities is known as a quasi contract. A court enacts it to address a situation where one party gains something at the expense of the other.
To know more about Quasi-contract visit:
brainly.com/question/27993061
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high prices of goods and the change of currency
Explanation:
the the government loses a huge amount of money the currency demands a high exchanging rate
Answer:
Explanation:
There is not enough data to answer that, imo, is there a group to choose from?
She might want to choose similarly minded people who will support her fight. Yet, a team should be balanced to fill all roles. Can you give more context to this question?
Answer: Intrapreneurs
W.l. Gore is developing Intrapreneurs within the company. They train their employees to become Intrapreneurs by assigning them to work on a special idea or project within the company, and they are instructed to develop the project like an entrepreneur would. They are allowed to devote 10% of their time at work and the company even provide employees with funds to use for these projects
