Answer:
the coefficient of elasticity is 1.25. therefore demand is elastic
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
5% / 4% = 1.25
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded
Answer:
I would replace it with cannabis, everyone is happier when there is green :)
Explanation:
To limit the potential for war and other armed conflict, efforts by international bodies must be increased, particularly at United Nations well-known organization.
Many conflicts since the 1990s have been resolved either through UN mediation or through the action of third parties acting with UN support. Examples from the recent past include Nepal, Liberia, Burundi, the Sudan's north-south conflict, and Sierra Leone. A 40% decrease in conflict worldwide since the 1990s is attributed to UN peacemaking, peacekeeping, and conflict prevention activities, according to research. Many potential conflicts have been avoided through preventive action taken by the UN and other organizations. On the ground, 11 UN peace missions deal with post-conflict situations and implement peacebuilding strategies.
In about 30 nations or territories, the UN provides assistance in demining, including in Afghanistan, Colombia, the Democratic Republic of the Congo, Libya, and the Sudan. Thousands of civilians are killed or injured each year by landmines. The UN also promotes full international participation in treaties relating to landmines and provides instruction on how to avoid danger, aids victims in becoming self-sufficient, and helps nations destroy stockpiled landmines.
Learn more about United Nation (UN), here
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Answer:
<u>B</u>
Explanation:
Unlike the other options, <u>payday lenders</u> are not official lenders operating under federal laws. This enables them to charge high interest rates as they wish.
Answer:
7,000 pounds
Explanation:
Data provided in the question:
Shrimps Bubba catches per year = 4,000 pounds
Shrimps that Bobby can catch per year = 3,000 pounds
Therefore,
The marginal contribution of Bobby in the output if Bobby is hired is 3,000 pounds of shrimp
Hence,
The total output of his shrimp business is Bubba hires Bobby will be
= Output of Bubba per year + Output of Bobby per year
= 4,000 pounds + 3,000 pounds
= 7,000 pounds
