<em>The correct answer is: 2. </em>Green tea is inelastic in terms of supply.
The elasticity of the supply of a product measures the variation experienced by the quantities of products supplied by the producers before variations in certain factors of production. In our case, the established factor is the market price of the goods to be produced (green tea), and is called the price elasticity of the offer.
The price elasticity of the supply of a product is calculated as the quotient between the differences in the quantity offered to the market by the producers and the differences in the market price of that product.
In this case, the price elasticity of green tea is 67%. The calculation is done as follows:
<em> E (%) = (S2-S1) / (P2-P1) = (5-3) / (7-4) = 2/3 = 67%
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As this value is less than unity, it is said that the green tea is Inelastic in terms of supplies with respect to the market price.
This means that before increases in the price the quantities supplied by the producers increase in a smaller proportion.
Answer:
A.
He believes we should only be involved in war if it occurs on American soil.
Explanation:
Your answer is:
Egyptian hieroglyphs were the formal writing system used in Ancient Egypt.
Answer: The biggest effect of Bacon's Rebellion was that labor in Virginia and neighboring Colonies turned away from using indentured servants and began to use slaves
Thus, as a result of Bacon's Rebellion, large Virginia planters began importing slaves from Africa. The number of indentured servants was declining in the late 17th century so Virginia planters may have turned to African slavery anyway but at the very least Bacon accelerated the process.
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The correct answer is D. The Industrial Revolution began when people applied the principles of the scientific revolution to farming and manufacturing
Explanation:
The Scientific Revolution began in the 16th century and led to important discoveries and development related to certain scientific areas such as mathematics, biology, chemistry among others, these included the development of steam engines, new discoveries related to electricity and biology. Later, during the 18th and 19th century all those discoveries and developments were applied to farming and manufacturing, for example, the steam engine was applied to manufacturing while biology discoveries were used to improve farming, in this way the Industrial Revolution began in the 19th century. Thus, both revolutions are connected and thanks to the principles of the scientific revolution the industrial revolution was possible, especially when those discoveries were applied to farming and manufacturing.