Answer:
This refers to price elasticity of demand.
Explanation:
The price elasticity of demand (PED) measures how much does the quantity demanded of a good or service changes proportionally to a 1% change in the price of the good or service.
-the percentage change in quantity demanded is 1 percent greater than the percentage change in price.
- ELASTIC DEMAND: when the change in quantity demanded is proportionally greater than the change in price.
-the percentage change in quantity demanded is equal to the percentage change in price.
- PRICE UNITARY DEMAND: e.g. if the price increases by 10%, the demand decreases by 10% (the same proportion).
-the percentage change in quantity demanded is 100 percent greater than the percentage change in price (in absolute value).
- ALMOST PERFECTLY ELASTIC DEMAND: if a product has a perfectly elastic demand, any small change in price will increase or decrease the quantity demanded to either infinite (price decrease) or zero (price increase). No demand is perfectly elastic, but a demand that changes by 100% more than the price change is very similar to this concept.
-quantity demanded does not respond to changes in price.
- PERFECTLY INELASTIC DEMAND: the quantity demanded doesn't change if the price changes. This rarely happens in real life as well as the perfectly elastic demand.
Complete Question:
An urban planner is designing a new urban housing development in a currently rural area near an existing city. The urban development will have five 10-story apartment buildings, two basketball courts, a playground with permeable foam pavers, a 10-acre green space with a small man-made pond, one 5-story parking deck, and direct access to the mass transit train line. Which of the following aspects of the design for this new urban development will best help to reduce the amount of carbon dioxide released into the atmosphere?
A. The land cleared to build the new development occurs in a rural area rather than within the city limits.
B. The playground is made with permeable foam pavers rather than with impervious concrete.
C. Access to the mass transit train line will provide inhabitants an alternative to driving personal vehicles.
D. Food and other resources must be transported to the development from up to 200 miles away.
Answer:
Access to the mass transit train line will provide inhabitants an alternative to driving personal vehicles.
Explanation:
The best option that will help to reduce the amount of carbon dioxide released into the atmosphere is to create access to the mass transit train line which will consequently provide inhabitants an alternative to driving personal vehicles.
Answer:
A decision support system (DSS)
Explanation:
Decision support system is a system that enables managers to access huge amounts of data, and also the processing power those data to useful information. By developing a system that gives its managers access to large amounts of data and the processing power to convert the data into high-quality information quickly and efficiently, Cognizance has developed a Decision support system. The system helps managers of organizations with decision making by analyzing those large chunk of business data and bringing out high quality information that is useful.
Answer:
Buying Power = Cash / Initial Margin Percentage
Explanation:
Buying power represents the actual will of the consumer to purchase goods. It is the sum of money which is available to the consumer in a city for purchase of goods and services. The consumer utility can be driven by purchasing power. It determines the ability of the people in a city or country to invest in the country's Gross Domestic Product.
