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VikaD [51]
3 years ago
14

In pioneer​ ville, the price elasticity of demand for bus rides is 0.5. when the price of a bus ticket rises by 5​ percent, ____

___.
Business
1 answer:
lianna [129]3 years ago
4 0
The quantity of bus rides demanded decreases by 2.5 percent. Hope this helps. :)
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Eldrick bought a certificate that allows him to apply for a tax deed after a certain period. what did eldrick purchase?
AnnyKZ [126]
The thing that Eldrick bought is called: Tax certificate
A tax certificate is a document that given to purchasers whenever they're biying an fixed asset (such as building , land, or other type of property).
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7 0
3 years ago
1. The point at which quantity demanded and quantity supplied are equal:______
salantis [7]

Answer:

1. Market Equilibrium, 2. Interest Rate, 3. Rationing, 4. Supply Shock, 5. Excess Supply, 6. Excess Demand, 7. Price Floor

Explanation:

1. The point at which quantity demanded and quantity supplied are equal: <u>Market Equilibrium </u>

2. The financial and opportunity costs consumers pay in searching for a good or service : <u>Interest Rate </u>

3. A system of allocating scarce goods and services by criteria other than price: <u>Rationing </u>

4.  A sudden drop in the supply of a good: <u>Supply (decrease - leftward shift) shock </u>

5. Any situation in which quantity supplied exceeds quantity demanded: <u>Excess Supply  </u>

6. Any situation in which quantity demanded exceeds quantity supplied: <u>Excess Demand </u>

7. A government-mandated minimum price that must be paid for a good or service: <u>Price Floor (Minimum Support Price)</u>

8 0
2 years ago
1.Economics is the study of ____________________ and _________________________.2.What is opportunity cost
jolli1 [7]

Answer: See explanation

Explanation:

Economics is the study of human behavior and also how resources are allocated in the society. Economics studies the reason for the behavior in the individuals, firms or government when certain situations happen in the economy.

Opportunity cost is refered to as n alternative cost that's, the cos if what we forgo when we make an alternative decision. For example, if I purchase a book for $20, the opportunity cost is something else that I could have used the $20 for.

4 0
2 years ago
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Lady_Fox [76]

Answer:

A. True

Explanation:

In order to be on student council, you must already know how to lead. Student council isn't you learn to lead. It's meant to show others how to lead.

3 0
3 years ago
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True or false: if society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with highest pro
AveGali [126]
TRUE

If the society wishes to reduce overall pollution by certain amount, it is efficient to have firms with highest profit bearing the largest burden of reducing pollution and firms with lowest profit bearing the least burden. This is because it will not lead to overall burden on the small firms. If large firms and small firms were to reduce the pollution burden on same rate then it will be very costly for the smaller firms to bear that and it will be a burden of cost on smaller firms.
3 0
3 years ago
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