Answer:
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Explanation:
we know that here Price Elasticity of demand is express as
Price Elasticity of demand = PercentageChange is quantity demanded ÷ PercentageChange in price ...........................1
so that, Demand for gasoline is more elastic in the long run than in the short run because in the long run people can change their preferences and choices.
Answer and Explanation:
The type of report best-suited for studying available options is the feasibility report. These reports are prepared either internally or by hired consultants to study the various options available before taking a decision. Costs and benefits of each available option is weighed in and technical / financial viability is measured.
It is organised indirectly to include the subject of the study, the decision, background information of they problem, the evaluation of positive and negative options of proposed solutions, costs and schedules for implementation of the solution are outlined.
Amongst the three given answers in the question, the closest report that studies the available options is
If the world price is $1.00 per pound. Assuming the small-country model is applicable and no transportation costs, the United States will import copper.
<h3>What is import?</h3>
Import can be defined as the process of bringing in goods produce in another country into your own country so as to sale them in your own country.
Since the world price is $1.00 per pound and United states price is $1.20. If no transportation cost importing copper into United state will be the best choice as this will help to lower cost.
Therefore assuming the small-country model is applicable and no transportation costs, the United States will import copper.
Learn more about import here:brainly.com/question/536549
