Answer: Price inelastic.
Explanation:
In Denver as described in the question the demand for water is price inelastic as it doesn't change regardless of changes in price of water. An item is said to be price inelastic if the demand remains the same regardless of price rise or fall of that item.
Net income increases when "revenue" increases.
<h3>What is revenue?</h3>
The overall revenue generated by a business over a predetermined period of time. This can be done by-
- The entire income generated by a specific source, such as a property with high predicted yearly returns.
- The total income a financial investment generates.
- The amount of revenue that a political entity, such as a country or state, collects and deposits into the treasury for use by the general public.
- The simplest way to determine revenue is to multiply the total number of units sold by the selling price.
- A company's earnings, or bottom line, will be lower than its sales because revenues do not take expenditures or expenses into account.
To know more about the financial investment, here
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His employing i dont know just guess and hope you get it right
6/66
born with
talents
things you like to do for fun, such as cooking, reading, or painting.
Some people will share your hobbies, but others might not find those things interesting at all. The skills you learn from your hobbies can give you an advantage in careers in those fields.
You might also get to know other people who share your hobby, and this could help you build a career in that field.
