Price elasticity of supply is a term used to describe a result in the market caused by a change in the quantity offered of a product related to a change in the price of that product.
To calculate the price elasticity of the offer, we use the following formula:
<em>Price elasticity of supply = % change in quantity supplied / % change in price.</em>
We can apply this formula to the question above, as follows:
<em>Price elasticity of supply = 8 / 9 = 0.8888</em>
In simple words, Intimacy relates to the phase in which couples, distinguished by extremely customized and coordinated verbal and non-verbal contact, have primary affirmation of each other's self meaning. Thus from the above we can conclude that the given case illustrates intimacy stage of relationship escalation.
The benefits of the mass production is b less workers Labor costs are often lower for mass-produced products; assembly line production with automated processes requires fewer workers.
The Workingmen's Party wanted free public education and wished to set regulations limiting debtor imprisonment and compulsory militia service. They also called for greater financial security and shorter working orders.