Answer:
Elasticity of demand is -0.6 or -60%
Explanation:
Elasticity of demand measure the responsiveness of demand against the change in price of the product.
Using mid point method
Change in Demand = ( D2 - D1 ) / [ ( D2 + D1 )/2 ]
Change in Demand = ( 6161 - 6666 ) / [ ( 6161 + 6666 )/2 ]
Change in Demand = -505 / 6413.5
Change in Demand = -0.07874
Change in price = ( P2 - P1 ) / [ ( P2 + P1 )/2 ]
Change in price = ( 3903.9 - 3403.4 ) / [ ( 3903.9 + 3403.4 )/2 ]
Change in price = $500.5 / $3653.65
Change in price = 0.136986
Elasticity of Supply = -0.07874 / 0.136986
Elasticity of Supply = -0.5748 = -0.6
Answer:
The correct answer is letter "A": Sender encodes message.
Explanation:
Communication is the process of transmitting information from one party to another. The communication process has five (5) steps: <em>encoding, planning, medium, decoding, </em>and <em>feedback</em>. In the encoding step, the idea to be transmitted is schemed in letters, words or symbols without sending them to the channel.
Thus, <em>by writing a recommendation report, Crystal Jenkins is in the encoding stage of communication.</em>
Answer:
Option (c) is correct.
Explanation:
A good is rival in consumption when the consumption by one individual reduced the availability or satisfaction level to the next person and a good is not rival when the consumption of good by one individual doesn't reduce the utility obtained from the good for other individuals.
A good is excludable when a particular person is restricted from the consumption of good and a good is non excludable when one person cannot exclude others from consuming it.
There are certain examples of common resource such as:
(i) Clean water in river
(ii) Air
(iii) a fish in the ocean
All the above goods are rival in consumption and non-excludable.
Let's talk about clean water, if a person take some water from the ocean then the water available for the other persons is reduced and one person cannot exclude other person from consuming it.
B the definition of excess return differs
On yt? or what bc ill sub just for it as long as you sub back mine is vxisz on yt
