Answer:
the definition of a market in determining the price elasticity of demand
Explanation:
In economics, the price elasticity of demand is the measure used to determine the responsiveness and the elasticity of a quantity demanded for a good or a service to increase in the price when nothing but only the price of the product changes. It is the measure to show the demand of a product in relation to the price change of the product.
In the context, Juan Carlos is is filling up a survey regarding the demand or purchasing of toothpaste when the price of the toothpaste changes. Thus this is important to study the price elasticity of demand of a product in the market economy.
In accounting, an Asset equals Liability plus Equity.
Asset refers to the overall properties which is owned by the business or firm ranging from having value and ability to meet debts, commitments, legacies etc.
- The formula for this is "Asset = Liability + Equity".
In conclusion, In accounting, an Asset equals Liability plus Equity.
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Answer:
The term a city too busy to hate is a phrase that is over fifty years old and it was created during Allen's administration. In the summer of 1966, Allen tried to live up to that image by going into the black inner city community of Summer hill to try to calm racial tension.