Answer:
D. the greater the availability of close substitutes.
Explanation:
Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.
Goods that are inelastic in demand are usually consumer-essential goods for which there are few substitution options, such as a cancer drug. On the contrary, elastic goods are those whose price variations diminish the demand for a range of substitute goods. For example, if the price of rice goes up, people may demand spaghetti, which is a substitute good.Therefore, goods with a large number of substitutes tend to have price elastic demand.
Answer:
The answer is in the 'necessary and proper clause' of the U.S. Constitution, better known as the 'elastic clause,' which allows Congress to make laws it needs to carry out its own powers.
Explanation:
Answer:
trade agreements with other countries
Explanation:
The invention of the automobile was in the EARLY 1900s, not the late. The development of the computer did not really effect / impact lives until 1990s and so does not really fit the question. The shopping malls could be an answer, but I think trade agreements is the best answer.
Answer:
Simpson
Explanation:
The Oliver Hazard Perry class comprised 51 ships, commissioned between 1977 and 1989. The last active duty ship in the US of this class, the USS Simpson (FFG-56), was decommissioned in September 2015.[1]
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Answer:
invalid
Explanation:
Manuel is not a public defender and Bill is not the president so Ann wish is invalid.