Answer:
B. the more inelastic is the demand for the final product.
Explanation:
Inelastic demand occurs when demand rises by a lower percentage as compared to the percentage of the price drop.
Take for instance, if price drops by 10% and then demand only rises by 4%.
Now, the derived demand curve for a product component will be more inelastic when there's more rises by lower percentages of the final product than price drop. The more inelastic the demand for a product is, the more inelastic the demand derive curve will be.
Answer:
Step-by-step explanation:
24 + 4y = 12y
- 4y - 4y
__________
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Answer:
The point estimate used to estimate the mean height of all adult males in Idaho is 69.505 inches.
Step-by-step explanation:
Each confidence interval has two bounds, the lower bound and the upper bound. The points estimate used to estimate the mean is the halfway point between those two bounds, that is, the sum of those two bounds divided by two.
In this problem, we have that:
Lower bound: 62.532
Upper bound: 76.478
Point estimate: (62.532 + 76.478)/2 = 69.505
The point estimate used to estimate the mean height of all adult males in Idaho is 69.505 inches.
