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taurus [48]
3 years ago
13

What does "Bicameralism is an expression of federalism" mean

Advanced Placement (AP)
1 answer:
Natasha2012 [34]3 years ago
5 0
It may be curtailed if there is a possibility that such expression might lead to some evil. In cooperative federalism, responsibilities are mingled and distinctions are  A term derived by President Lyndon B. Johnson to describe his own view. I hope my answer has come to your help. God bless and have a nice day ahead!
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The following graph shows the market for widgets in a local hardware store.
Mekhanik [1.2K]
<h3>What is an demand?</h3>

An elastic demand or elastic supply is when the elasticity is greater than one, indicating a high responsiveness to changes in price. An inelastic demand or inelastic supply is when the elasticity is less than one, indicating low responsiveness to price changes. With that said:

a. Price of widgets = $8

Total revenue = P*Q = 8*12 = $96

Price = $7

Total revenue = 7*16 = $112

Fall in price leads to rise in total revenue, it means demand is elastic.

b. Price = $7 maximimes the total revenue. Total revenue when price = $7, total revenue = Price x quantity= $7 x 12 = $112.

c. When price is equal to $9, Demand is elastic. So there should be a decrease in price in order to increase total revenue.

d. Price elasticity of demand = ((96-112)/(112+96)/2)) ÷((8-7)/(8+7)/2)) = -2.14

Elastic demand

e. When price=$6, Quantity=18

When Price=$5, Quantity= 20

Price elasticity of demand = ((20-18)/(20+18)/2)) ÷ ((5-6)/(5+6)/2)) = - 0.58

Inelastic demand

f. Total revenue fall from $108 to $100 when price falls from $6 to $5.

See more about economy at: brainly.com/question/2421251

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Answer:

By having this advantage, the low cost company is able to do a number of things to maintain or increase its market share. It can invest more in marketing. It can pay for better positions in retail stores relative to its higher cost competitor. It can lower price, thus squeezing its competitor's margins and profits.

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