Answer:
Explanation:
ed= 2 , Price increase by 5%.
Elasticity of Demand = % Change in Quantity demanded/ % change in price
% change in quantity demanded = 2*5%=10%
Since, the elasticity > 1 and price has decreased, the total revenue will decrease. The impact of price change on Total revenue is based on the relationship between elasticity of demand and Total revenue.
Thus, there will be 10% fall
Answer:
the price that can be affordable for every one and it should be by the opinion of the common people and labours
Two or more subsystems working together to provide greater than the full of what they might produce running alone is called Synergy.
Production is the process of combining various material inputs and immaterial inputs (plans, information) with the purpose to make something for consumption (output). it's far the act of making an output, a great or provider which has a fee and contributes to the utility of individuals.
Produce here refers to “clean fruits and vegetables”. it is the noun version of that phrase, not the verb, and so its pressure falls on the first syllable. consequently, the produce aisle is the location where such things are found.
Produce is a generalized time period for many farm-produced plants, including culmination and veggies (grains, oats, and many others. Produce is a generalized time period for a collection of farm-produced vegetation and items, such as fruits and veggies – meats, grains, oats, and many others. are also sometimes considered produce. greater especially, the term "produce" regularly implies that the products are fresh and normally inside the same country as wherein they had been harvested.
Learn more about produce here:
brainly.com/question/16755022
#SPJ4
Automobile dealerships usually follow “product distribution franchises”
Product distribution franchises meaning: Distribution Franchise, these product-driven franchises are where the franchisee distributes the parent company products and some related services. The parent company provides the use of its branded trademark, but not typically an entire system for running a business.
In a fixed-exchange rate system, one country's exchange rate is determined by <u>comparing</u> it to another country's rate (or to the value of gold). The purpose of this is to explain one currency in terms of another that is more stable in order to make investments and values more rational and predictable.
