Answer:
b. inelastic
c. Yes - it decreased
Explanation:
Elasticitiy of demand measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded/ percentage change in price
= -2/4 = -0.5
The absolute value is 0.5
If the absolute value of the coffiecnet of elasticity of demand is less than one, demand is inelastic.
Demand is inelastic if a change in price has no effect on quantity demanded .
We can tell that the quantity demanded fell because of the negative sign in front of the percentage change in quantity demanded.
I hope my answer helps you
Hello there,
The difference between

and

is that the word management means to manage something carefully and good. And the word motivation is to motivate someone to do something weather good or bad.
~Jurgen
Answer:
a curved line; diminishing marginal returns
Explanation:
The specific factor model is one that assumes that a country produces two goods using two factors of production in a perfectly competitive market. That is labour and and capital.
The production possibility frontier is defined as the maximum combination of two products that can be produced by a country. The PPF tends to be curved because of the law of diminishing returns. As more of one factor of production is added it will result in reduced output of the product over time.
Answer:
The answer is A) Sales Prospect
Explanation: