I would say that the fire department is an example of an organization with universal coverage something like pensions and medicare pthat are provided to all citizens of a country regardless of their income and so is an equitable system. Consequently then I would say that the fire department is an example of a commonwealth organization.
When a treaty is signed between nations to lower tariffs and improve imports, this is a free trade agreement. This is <u>True</u>.
<h3>What is a free trade agreement?</h3><h3 />
Sometimes nations get together and discuss a treaty that will allow for trade to be easier between them.
To this end they will reduce tariffs, and other barriers to trade. This is to encourage free trade between the nations. This treaty is a free trade treaty.
Find out more on barriers to trade at brainly.com/question/1326741.
Answer:
This policy would likely make Doomsville's recession worse.
Explanation:
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Answer:
A) Price elasticity of demand = 8
B) PED is elastic
C) increase Danny's total revenue
Explanation:
we can calculate the price elasticity of demand using the formula:
PED = % change in quantity demanded / % change in price = [(300 - 100) / 100] / [(1.5 - 2) / 2] = (200 / 100) / (-0.5 / 2) = 2 / 0.25 = 8
if the PED is the same when the price decreases from $1 to $0.50, total revenue will :
- when price = $1.50, total revenue = $1.50 x 300 = $450
- when price = $1, total revenue = $1 x 1,100 = $1,100
*a 33.33% decrease in the price will cause a 266.6% increase (= 33.33% x 8) increase in the quantity demanded = 300 units + (300 x 266.6%) = 300 + 800 = 1,100 units