Answer:
Decrease
Explanation:
Given that
Change in quantity demanded = 6%
change in price = 14%
Price elasticity of demand = (Percentage change in quantity demanded) ÷ (percentage change in price)
= 6% ÷ 14%
= 0.42
Price elasticity of demand is greater than 1 that which means demand is elastic. Therefore the increase in price, the revenue will decrease because demand is elastic.
Both Firm W and Firm H have a dominant strategy to advertise.
Explanation:
Dominant strategies, never despite what other competitors do, are treated similarly than others. In game theory, two forms of strategic supremacy exist:
-a strategy that is purely dominant is a strategy which provides the player with often better advantage, regardless of what the another player's strategy is ;
- a strategy that is weakly dominant, which gives all these other player's strategies the very same value, and which makes certain strategies more stringent.
Especially if one game is only weakly dominant (this means that it also does at least the same thing as any other strategy, but it just can in certain situations match other strategies, not beat them), and the same wages would apply to the player may be applied to more than one dominant strategy per player.
That seems true if its a true or false question
<span> i would say this scheme would yield the most significant results:stratify adult residents into three strata: college students, nonstudents who work full time, nonstudents who do not work full time. This way the results could be related to a particular demographic group so would say something about each group rather than just a random sample. </span>
