Answer:
D. estimate price elasticity of demand by experimenting with different prices
Explanation:
Price elasticity of demand measures the degree of responsiveness of quantity demanded to changes in price.
Demand is elastic if a small change in price has a greater effect on the quantity demanded.
Demand is inelastic if a change in price has little or no effect on quantity demanded.
Demand is unit elastic if a change in price has the same proportional change on quantity demanded.
By experimenting with different prices and monitoring the different quantities demanded at each price, a new firm can determine the elasticity of demand for their product.
Price controls are set at the discretion of the government and not by firms.
Shortages imply they quantity demanded exceeds quantity supplied. It doesn't give any information on elasticity of demand.
I hope my answer helps you
<span>This is color constancy. With this ability, a person can perceive and understand that a color exists under various external conditions, usually lighting or other types of distortion. It is thought to be due to specialized neurons in the primary visual cortex that allow us to make these declarations.</span>
Answer:
Make someone else director
Explanation:
I would be too lazy to do that. ;)
Here are my workings:
The answer would be= 1250/11 OR 113.6363636
I hope it helped you!
