Don’t trust my word I just need to answer questions i’m so sorry
Answer: Inelastic
Explanation:
Based on the information given, we would calculate the elasticity of demand which would be:
= (Change in Quantity / Change in Price) (Initial Price/ Initial Quantity)
Change in Quantity = 1800 - 2000 = -200
Change in Price = 50 - 40 = 10
Initial Price = 40
Initial Quantity = 2000
Elasticity of demand would then be:
= (-200/10)(40/2000)
= (-20)(0.02)
= -0.4
Since elasticity of demand is less than 1, it is an inelastic demand.
Answer is true.
Managers who are classified in terms of their level in the organization are known by titles such as store manager, assistant manager or co-manager.
Managers who are classified by their area of specialization have titles such as the marketing manager, the accounting manager or the sales manager.
