Answer:
E_s = 0.9
It's inelastic
Explanation:
Formula for elasticity of supply is;
E_s = % change in quantity supplied/% change in price
The percentage will cancel out so, we are left with;
E_s = change in quantity supplied/ change in price
Change in quantity supplied = (200 - 100)/((200 + 100)/2) = 3/5
Price for 100 buckets = 100 × 80 =$8000
Price for 200 buckets = 200 × 80 = $16000
Change in price = (16000 - 8000)/((8000 + 16000)/2) = 2/3
Thus:
E_s = (3/5) ÷ (2/3)
E_s = 0.9
Now, this price elasticity supply value is less than 1. Thus, it can be categorized as being inelastic.
Answer:
B) This view is seen when you are standing in the umbra only.
Explanation:
Answer:
Explanation:
If there is not enough supplies for the outdoor public to use, then they will not get the things they need. There will be a famine in the community where they live in. If everyone takes the supplies, or the supplies can not be made, there will be a scarcity of the product that the customers are actually looking for. There will be a shortage, or in other words, a <u>scarcity</u>. and there will of course be a crash in the economy because everything keeps leaving the stores because of such a high demand for whatever the item may even be. Hope this helps you.
