It should be noted that a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
<h3>How to explain the demand?</h3>
It should be noted that an elastic demand is one werr the change in quantity demanded due to a change in price is large.
Also, an inelastic demand is one in which the change in quantity demanded due to a change in price is small. When the formula creates an absolute value greater than 1, the demand is elastic.
Here, a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
Learn more about demand on:
brainly.com/question/1245771
#SPJ1
Answer:
146,300,000
Step-by-step explanation:
146,273,011
<u>The hundred thousand place is 100,000</u>
<u />
<u>Step 1: Round</u>
146,273,011
<em>146,300,000</em>
<em />
Answer: 146,300,000
Answer:
$15866
Step-by-step explanation:
Using the given formula :
I = P × R × T
I = 99160 × 8/100 × 2
I = $15866
Answer:
Same in both sets
Minimum , medium
Different
IQR
Cannot tell
mode, mean
Step-by-step explanation:
Answer:
a=acute angle b=acute angle to i think
Step-by-step explanation:
