Answer:
you can use different types of research n ask people about information
Explanation:
it will make things easier for you about the challenges you will face and how to deal with them
Answer:
PED= 0.1571
Explanation:
The price elasticity of demand (PED) indicates how the quantity demanded change when the price changes. Is defined by this equation:
Price Elasticity of Demand = Percentage change in Q/ Percentage change in P
In this case, the problem is giving percentage changes in Q but we must calculate the percentage change in price:
%Change in price = ( p2-p1/p1)*100= ($4.09-$2.96)/$2.96= 0.3817*100=38.17%
%Change in quantity is= -6%
PED= -6%/38.17%
In absolute value:
PED= 0.1571
If the PED is less than 1 then gasoline is considered as inelastic.
Answer:
(D) is the same and output is lower than in the original long-run equilibrium.
Explanation:
In the long term the prices are flexible. They adapt to the new situation of a decrease in the demand. This is consistent with with a lower output, consecuences of the decreasing in the demand.
[A] To handle the day to day operations of the project.
