Answer:
2.12
Explanation:
PED = % Change in Quantity demanded / % Change in price
✔️Price when quantify demanded was 8:
Substitute Q = 8 into P = 50 - 2Q
Thus:
P = 50 - 2(8)
P = 50 - 16
P = 34
✔️Price when quantify demanded was 12:
Substitute Q = 12 into P = 50 - 2Q
Thus:
P = 50 - 2(12)
P = 50 - 24
P = 26
✔️% change in price = (old price - new price)/old price × 100
Old price = 34
New price = 26
% change in price = (34 - 26)/34 × 100 ≈ 23.53 (2 d.p)
✔️% change in quantity demanded = (old quantity - new quantity)/old quantity × 100
Old quantity = 8
New quantity = 12
% change in quanty demanded = (8-12)/12 × 100 = 50%
✔️ Elasticity (PED) = 50/23.53 = 2.12 (2 d.p)
There is no advantage of globalization.
But maybe communication would improve?
B. False Because there are people from all of the world living in the counties <span />
Explanation:
the reason is due to peer influence in that i noticed most of the people i work with arent observant to the rules so i thought mayb they knew better than i since i was new to the environment...
Answer:
In describing the “Indians,” Europeans focused not on who they were but on who they were not. They then went on to describe what the Indigenous Peoples did not have. Amerigo Vespucci, for whom the Americas are named, described the “Indians” as neither Muslims nor Jews.
Explanation:
