I don't know, backflips? I'm just naming a random trick.
The matching of the demand as relatively elastic or relatively inelastic can be done as;
- Klaus' demand for orange juice (Relatively elastic)
- Amanda's annual demand for coffee(Relatively elastic)
- Jackson's demand for mystery novels(Relatively inelastic)
- Hermy's demand for Minute Maid orange juice(Relatively inelastic)
- Olivia's daily demand for Starbucks latte(Relatively inelastic)
- Stephen spends a very little part of his income on soda(Relatively elastic)
- Xavier's demand for his economics textbook(Relatively inelastic)
<h3>What is Elasticity of demand?</h3>
Elasticity of demand can be regarded as the variation on the concept of demand.
It should be noted that elastic demand involves change in quantity demanded as a result of change in price.
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DNA in all humans are composed of the same stuff just not the same genes (basically) . Organisms like sea animals for example wouldn't have the same DNA with us because they havebto survive in a different environment and have to have special obillities
The percentage of annual US government spending allocated to foreign aid is; 1 percent.
<h3>What was the US foreign aid?</h3>
Foreign aid refers to the international movement of money, services, or goods from governments or international institutions for the benefit of the receiving country or its citizens. Foreign aid can be fiscal, military, or humanitarian and is considered one of the significant sources of foreign exchange.
Now, A poll conducted by World Public Opinion in 2010 on the US public found out that the average estimate for how much of the government's budget is spent on foreign aid was 25 percent. The average amount proposed by the public was 10 percent of the federal government's budget be used on foreign aid. However, in actual terms, less than 1 percent of the US federal budget goes towards foreign aid.
Thus, we can conclude that the percentage of annual US government spending allocated to foreign aid is 1 percent.
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