2 years ago

Describe the population growth curve of houseflies

1 answer:

4 0

Populaces of living beings don't encounter a straight development, rather a - J-molded bend. The underlying increment in the quantity of life forms is moderate on the grounds that the quantity of recreating people is little. As the populace gets bigger it additionally develops at a quicker rate.

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If Ed=2 and price decreases by 1%, by what percentage and in what direction will quantity demanded change?

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Given:

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To find:

Change in quantity demanded

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The percentage change in quantity demanded is the mathematical product of the percentage change in price and elasticity of demand. This can be mathematically represented as,

$\% \text{ change in quantity demanded }=\% \text{ change in price }\times\text{Elasticity of demand }\\\\ \Rightarrow \% \text{ change in quantity demanded }=1\times2\rightarrow 2\%$

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