Answer:
c. percentage change in price and percentage change in quantity demanded.
Explanation:
A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.
The price-elasticity of demand coefficient, Ed, is measured in terms of percentage change in price and percentage change in quantity demanded.
The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.
Generally, consumers would like to be buy a product as its price falls or become inexpensive.
For substitute products (goods), the price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.
If the price elasticity of demand for a product equals 1, as its price rises the total revenue does not change because the demand is unit elastic.
I believe the answer would be Intranet, but I am not 100% sure.
Answer: eclectic approach
Explanation: As its name indicates, eclectic therapy is a therapeutic approach that incorporates a variety of therapeutic principles and philosophies in order to create the ideal treatment program to meet the specific needs of the patient or client. Instead of insisting upon strict adherence to one particular approach or school of thouthe primary benefit of eclectic therapy is that the therapy is customized to meet the unique needs of the patient. By personalizing the therapeutic experience in order to best address and respond to the needs of the patient, the eclectic therapist ensures that the most effective therapeutic techniques are integrated into treatment. The eclectic therapists employ elements from a range of therapeutic techniques, with the goal of establishing a course that is personally tailored to the patient or client. Eclectic therapy is an open, integrative form of psychotherapy that adapts to the unique needs of each specific client, depending on the problem, the treatment goals, and the person's expectations and motivation . eclectic therapist can also use different therapies to help you deal with one difficult problem. For example, say you went into therapy because you felt like you were failing as a parent. The eclectic therapist might use several different methods to help you with that problem. If you're feeling anxiety about being a parent, they might teach you relaxation techniques and use art therapy or the 'empty chair' technique to help you express your feelings about the situation. They might find out the specific things you need to change and use cognitive behavioral therapy to help you change your thoughts about how to be a good parent so that you can change your behavior.
Answer:
A price floor set above the equilibrium price will result in a surplus of supply.
Explanation.
An equilibrium price refers to the price at which demand for a service or product is equivalent to the quantity of the product or service supplied in the market.
Setting a price floor above the equilibrium price essentially means that the set prices will be higher than what demand is willing to pay for the product or service. Demand will therefore purchase fewer quantity of the product offered by supply at the prevailing price than they would have at equilibrium price.
Since the price floor will raise the product price to considerably higher than the equilibrium price, supply will be willing to provide higher volumes of the product at the prevailing price than at equilibrium price.
This will lead to a mismatch in the market between supply and demand resulting into a surplus.
