Answer:
increase
2%
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
5 = 10 / percentage change in price
percentage change in price = 10%/5 = 2%
Demand is elastic because the elasticity of demand is greater than 1 in absolute terms. So, if price is increased, there would be a greater change in quantity demanded.
Answer: Since 1852
In 1852, Henry Wells and William Fargo founded Wells, Fargo & Co. to serve the West. The new company offered banking (buying gold and selling paper bank drafts as good as gold) and express (rapid delivery of the gold and anything else valuable).
Explanation:
When more than two functions or divisions share many common problems, direct contact and liaison roles may not produce enough coordination. In these cases, a more complex integrating mechanism, the team, may be suitable. One manager from each pertinent function or division is allocated to a team that meets to resolve a specific basic problem; team members are accountable the solutions recommended. Teams are progressively being used at all organizational levels.
Goods made domestically and than sent to other countries and sold are called exports