More sales of traditional, large cars are the most likely consequence of falling petroleum prices.
<h3>Explanation</h3>
Since the majority of conventional, large cars employ combustion engines, these engines need petroleum fuel to operate.
As a result, <em>Choice C—more sales of conventional, large cars</em>—is one of the effects of dropping oil prices that is most likely to occur.
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After a thorough research, there exists the same question that has choices and the link of the graph (http://i37.servimg.com/u/f37/16/73/53/52/graph410.png)
<span>Choices:
A. 160 meters
B. 80 meters
C. 40 meters
D. 20 meters
E. 0 meters
</span>
The correct answer is letter E. 0 meters.
Answer:
elasticity
1.price elasticity of demand
2.income elasticity of demand
3.cross elasticity of demand
4.elasticity of supply
Explanation:
1. price elasticity of demand is the degree to which the effective desire for something changes as its price changes. In general, people desire things less as those things become more expensive.
2. income elasticity of demand is the responsiveness of the quantity demanded for a good to a change in consumer income. It is measured as the ratio of the percentage change in quantity demanded to the percentage change in income.
3. cross elasticity of demand or cross-price elasticity of demand measures the responsiveness of the quantity demanded for a good to a change in the price of another good, ceteris paribus.
4.price elasticity of supply is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price.
Do not approach within 100-yards, and slow to minimum speed within 500-yards of any U.S. naval vessel.
