The expenditure method is the most widely used approach for estimating GDP, which is a measure of the economy's output produced within a country's borders irrespective of who owns the means to production. The GDP under this method is calculated by summing up all of the expenditures made on final goods and services.
The demand for ben & jerry's ice cream will likely be more price elastic than the demand for dessert.
<h3>What is the elasticity of Demand?</h3>
When all other conditions are equal, the elasticity of demand is a concept in economics that quantifies how responsive consumers are to shifts in the quantity desired as a result of a price adjustment. In other words, it demonstrates the number of things consumers are willing to buy as the cost of those products rises or falls.
By dividing the percentage change in quantity by the percentage change in price during a specific period, the elasticity of the demand formula is computed. It appears as follows:
Elasticity is defined as % change in quantity / % change in price.
The quantity demanded as a result of a percentage change in a product's price is hence the measure of demand elasticity. Demand can be elastic or inelastic depending on whether products' demand is more responsive to price fluctuations. When a product's demand is flexible, the desired quality is extremely responsive to price variations. When a product's demand is rigid, the desired quality does not adapt well to price variations.
Therefore, The demand for ben & jerry's ice cream will likely be more elastic than the demand for dessert.
For more information on the elasticity of demand, refer to the following link:
brainly.com/question/23301086
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Answer:
$300 million
Explanation:
Data provided in the question
Number of shares outstanding = 20 million
Value per share = $15
So, by considering the above information, the new market cap of the company X is
= Number of shares outstanding × Value per share
= 20 million × $15 per share
= $300 million
To determine the new market cap, we simply multiplied the number of outstanding shares with the per share so that the exact value could come
Explanation:
<h3>Mental health impacts for survivors of gender-based violence include Post Traumatic Stress Disorder (PTSD), depression, anxiety, substance misuse, self-harm and suicidal behaviour, and sleep disturbances. In addition, a survivor of GBV may also face stigma and rejection from her community and family.</h3>
“Industrial goods are materials used in the production of other goods.” “Consumer goods are finished products that are sold to and used by consumers”
LINK TO WHERE I FOUND THAT INFO:
https://www.investopedia.com/ask/answers/050415/how-are-industrial-goods-different-consumer-goods.asp
Hope that helped have a great day! :)
