Answer:
if a change in the price of the good brings about a much smaller change in the quantity demanded for the good.
Explanation:
<em>The price elasticity of demand is a measure of the change in the demand for a good in relation to a change in the price of the same good. </em>Mathematically, the price elasticity of demand for a product is represented as:
Price elasticity = change in the quantity demanded/change in price
The value of price elasticity of demand ranges from 0 to infinity. The price elasticity of demand is
- relatively inelastic when the value is less than 1,
- unitary elastic when it is equal to 1,
- relatively elastic when it is greater than 1,
- perfectly inelastic when it is equal to 0, and
- perfectly elastic when the value is infinity.
<u>Less elastic price elasticity of demand is equivalent to relatively inelastic price elasticity. This thus means that the price elasticity of demand is less than 1; a percentage change in the price of the good brings about a disproportionately smaller percentage change in the quantity demanded for the good.</u>
Answer:
D. the money in one's pocket
Explanation:
this is so because the financual assets needed fpr a business to produce good and/or services requires money
Answer:
handout
Explanation:
Jane, a stock analyst, is giving a sales presentation to a group of clients. She talks about the various investment options available. She gives each of them a few sheets of paper that contain all the important points covered in the sales presentation because it would help them remember what was discussed during the sales presentation. In this case, the bunch of papers is most likely known as an HANDOUT
Employment in services (% of total employment) (modeled ILO estimate) in India was reported at 32.33 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources.
<h3>Which percentage of the value of the US economy is generated by the service sector?</h3>
The services sector has become the most important driver of US economic activity in terms of employment, value added, and trade.
In 2016, the services-producing industries contributed 68.9 percent of US GDP, amounting to $12.9 trillion, and 83.8 percent of total private employment, representing 102 million employees.
<h3>How much of the US economy is service based?</h3>
Last year, the services sector—a broad category of the economy that now includes financial services, media, transportation and technology—accounted for 67 percent of GDP in the United States.
Learn more about service sector here:
<h3>
brainly.com/question/24256133</h3><h3 /><h3>#SPJ4</h3>
Answer:
<u>can</u> ; <u>can</u>
Explanation:
With increasing or decreasing government expenditure there are various other things also associated. Government expenditure is not only done to construct roads, but rather to provide education, to provide better health services, to provide more opportunities.
If an individual is more educated and healthy then the remaining candidates his chances for a better job are even higher, with that he shall contribute to GDP.
With taxes the buying capacity of individuals earning are decreased, also with the levy of taxes government tends to earn more. With this again the GDP suffers directly.
