Answer:
Elastic demand
Explanation:
Price elasticity of demand is a concept that seeks to measure the sensitivity of demand to the price of a good or service. Thus, if demand is elastic, it means that even small variations in price have a strong impact on demand. Conversely, if demand is inelastic, variations in the price of the good will not greatly affect demand, meaning consumers will continue to demand that particular good or service.
The calculation of the price elasticity of demand consists in the division between the variation of the quantity demanded by the variation in the price practiced. If the result is greater than 1, demand is considered elastic (price sensitive). Conversely, if elasticity is less than 1, demand is considered inelastic (little price sensitive). If elasticity equals one, then the change in demand is exactly the same as the price change.
Answer:
TRUE
Explanation:
the answer is TRUE
College coursework will not give anyone the skill of workplace.
If you want to develop your Skill you should work at the workplace to learn the skill.
there are a lot of knowledge which is not present in the coursebook.to learn those one have to indulge with it.
Answer:Cuba recognizes private property.
Explanation:
