Elasticity is one of the most basic concepts of economics. Elasticity is part of the field of microeconomics and it is crucial to know this concept, as well as its consequences. The concept of elastic and inelastic goods directly affects the pricing of companies on their products. Therefore, it is important for the investor to have a good sense of this indicator. This concept concerns how much variation in demand occurs in a variation in the price of a given product.
Elasticity can also be calculated by dividing variations by averages of quantities and final prices. People usually have a slope in the negative demand for goods. That is, people consume more when the price of a good is lower.
In the future the elasticity of demand can become something very harmful that increases values very dramatically and can take the economy to a difficult path to reverse
The job of the executive branch is to enforce the laws. The judicial branch branch is made up of the Supreme Court and other courts, and its job is to interpret the laws. ... Visit United States courts. They form the judiciary branch of the government.
<span>The culture that exists in Indonesia </span>has been influenced by many different cultures because of its
location on major trade routes.
Answer: <em>Observational learning and vicarious conditioning
.</em>
Explanation:
Observational learning is referred to as or known as the learning that tends to occur through observing behavior and response of other individual. It is also referred to as a type of the social learning that tends to take several forms, which are based on the various processes.
The vicarious conditioning refers to the learning of several feelings, attitudes, emotions, and beliefs not via the direct exposure to the stimulus, but via observing and analyzing how other individual react to it.
Answer:
According to PASCAL'S PRINCIPLE, pressure applied to a fluid is transmitted unchanged throughout that fluid.
Explanation:
Pascal's principle States that pressure applied to a fluid is transmitted with the same pressure throughout the fluid. Yes, it applies to air.
