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MrMuchimi
3 years ago
5

Does anybody knows what it means to be financially literate?

Business
1 answer:
nika2105 [10]3 years ago
7 0

Description
Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. ... People with appropriate financial literacy training make better financial decisions and manage money better that those without such training
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Which of the following statements about the price elasticity of demand is correct The absolute value of the elasticity of demand
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Demand is more elastic in the long run than it is in the short run

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Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

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When the absolute value of elasticity of demand is less than one, demand is inelastic.

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