If GSU feels that raising tuition would enhance revenue, it is assuming that the demand for university education is inelastic.
- The quantity of a good that consumers are willing and able to buy at different prices during a specific time period is known as demand in economics. The demand curve is another name for the relationship between price and quantity demand.
- A change in demand whose percentage is less than a change in price. Demand is said to be inelastic, for instance, if the price of a good increases by 25% but drops in demand by just 2%.
- When there is a small change in the quantity demanded when the price changes, a good or service has inelastic demand. The term "price inelasticity of demand" is another name for this. An example of inelastic demand is gasoline, where individuals generally buy the same amount even when prices rise.
Thus this is the answer.
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Answer:
A. High
Explanation:
When an investment is considered risky, investors would demand a high rate of return as compensation for holding a risky investment.
The required rate of return is usually higher than the short term t bills rate.
I hope my answer helps you.
Answer: Equality
Without proper guidelines in place one would outweigh the other cause an imbalance. If the government didn't keep those equal there wouldn't be enough stability and nobody would be able to live fairly.
Answer:
1. Apartment Information Vendor
Explanation:
<u><em>Those persons who involve in the business of claiming, charging, demanding, receiving, etc information regarding location and availability of real property, including apartment housing, which may be rented, leased, shared as a private residence or place of residence is known as </em></u><em>Apartment information </em>vendor. <em>It is the responsibility of licensees to get understand the law of Apartment Information Vendors License which is specified in section 190.1 of this Part and a completely executed separate escrow agreement as specified in subdivision (d) of this section.</em>
When production is very high but demand is very low, it can lead to a <u>"recession".</u>
A recession is the point at which the economy decreases fundamentally for no less than a half year. That implies there's a drop in the accompanying five financial markers: genuine GDP, pay, business, assembling, and retail deals.
A recession is typically in progress when there are a few fourth of abating yet positive development. Frequently a fourth of negative development will happen, trailed by positive development for a few quarters, and after that another quarter of negative development.
