Answer:
Its definetly a or b and I am 90% sure it is b but u might wanna check. :)
This is for a test we cant help you with that sorry bud.
The U.S would approach a global issue by trying to send out our extra troops if we are available or by talking with the leaders of countries who are allies in wars.
Russia is the other nation a bit more likely than the UK. They would end up strategizing a way to fund a solution just as the US would or they will help by sending down sorts of weapons.
I hope this meets the criteria needed!
The correct answer is 2.
Elasticity measures the sensibility of the quantity supplied or demanded when the price of the product is modified. In this example we will compute the elasticity of the supply function.
<u>The supply function is inelastic</u> in the sense than when a price increase is performed (from P1 to P2) the quantity supplied increases in a lower proportion (from Q1 to Q2). Let's prove this by calculating the percentage increase experienced by each of the two variables:
- Price: (7-4)/4 * 100% = + 75%
- Quantity supplied: (5-3)/3 * 100%= +66.66%
When there is a price increase of the 75%, the quantity supplied increases a 66.66% (<75%).