Contract.
A contract is a legally binding agreement that controls the rights and responsibilities of the parties who agree to it.
Answer: Option C
Explanation: The best descriptor for the term maximum sustainable yield would be "maximum catch without reducing the population of target species". The maximum level at which the natural resources can be exploited without having any serious threats to the future is called sustainable yield. So as per this case sustainable yield is the extent of hunting a species that fulfills the requirement of today and does not threat the future needs.
Answer:
A. Inelastic
B. a less than 10% increase in quantity supplied
Explanation:
A supply is inelastic when a percentage change in quantity supplied is less than percentage change in price.
A supply is inelastic if the price elascitiy is less than 1.
Answer:
change in demand; shift of the demand curve.
Explanation:
We know that income elasticity of demand derives by considering the percentage change in quantity demanded and percentage change in income
In mathematically,
Income elasticity of demand = (percentage change in quantity demanded) ÷ (percentage change in income)
By considering the above information, the change in income preferences is due to change in demand plus it also shift of the demand curve
Answer:
Explanation:
Base on the scenario been described in this question, we can use the following method to be solve the question below using Microsoft word we have the solution in the image attached file below
