Answer:
Price elasticity of demand measures how much the quantity increases when price decreases.
Explanation:
Price elasticity is the percentage change in the quantity demanded, divided by the percentage change in the price.
If the percentage in the change in the quantity demanded is bigger than the percentage in the change of the price we talk about elastic demand.
If the percentage in the change in the quantity demanded is smaller than the percentage in the change of the price we talk about inelastic demand.
And if he percentage in the change in the quantity demanded is excatly the same than the percentage in the change of the price we talk about unit elastic demand.
Answer: d. The car is a normal goods for Jim
Explanation: if an individual's income goes up by a certain percentage or amount and, in response, the quantity demanded of good rises by rises in response to the income increase, such good can be considered a normal good. It is also defined as such good for which the income elasticity of demand is positive but less than one. This is the same scenario that has happened with Jim. His demand for better automobile increased as a result of an increase in his income.
Is that really a question... I hope not.
Answer:
Discs and the Internet are unreliable and often slow, and there's nothing quite as distracting as "<u>having this issue</u>" in the middle of a presentation.
Explanation:
Presentation is often a formal talk or sharing of ideas about a topic which can be on any field, matter, discovery, product, to an audience.
Since discs are used for optical storage, which allows data storage and data retrieval are very good to store information for presentation.
However, discs can be unreliable likewise the internet. As a disc is a computer hardware, it can be attacked by a computer virus thereby affecting the stored data, and the internet speed also varies across locations, all these can cause distractions in the middle of a presentation especially if one needs the disc and the internet to be able to render a presentation efficiently.
Answer:
Explanation:
The aggregate supply curve shifts to the left as the price of key inputs rise, making a combination of lower output, higher unemployment, and higher inflation possible. When an economy experiences stagnant growth and high inflation at the same time it is referred to as stagflation.
