I believe the answer is: in-elastic
A product is considered to be inelastic if the change in price do not or has very little impact of the product demand.
From the scenario above, we can see that even though the price drops, the percentage is still way below the amount of price icnreased (10% : 30%) , so we can consider the product to be inelastic.
Answer:
Dishes, laundry, mop, sweep, and put water in the fridge
Explanation:
Answer: <u>Predictor , Criterion
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Explanation:
Predictor variable is type of independent variable that is used for predicting about result of statistical model.It has the tendency to get altered along with getting measured.
Criterion variable is defined as variable that provides response produced from regression. It is usually termed as dependent variable as it is the variable that gets predicted as outcome in statistical model.
According to the question, high school grades are predictive variable that are used for predicting about the grades of college that are dependent on high school grade.Therefore, college grades are criterion variable.
