The quantity of traveling by train would change by 28%.
Cross-price elasticity measures how the quantity demanded of a good is affected by changes in the price of another good.
Cross price elasticity = percentage change in the quantity demanded of good A / percentage change in the price of good B.
0.7 = percentage change in the quantity of traveling by train / 40%
Percentage change in the quantity of traveling by train = 40 x 0.7 = 28%
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Based on the events in the book, we know that George's master made George do field work.
This is from the book, Uncle Tom's Cabin.
<h3>What happens in Uncle Tom's Cabin?</h3>
George's master did not believe that George should be engaging in doing much else apart from working for him as he was his enslaved person.
He would therefore follow George to whatever activity he would be doing that wasn't field work to drag him back to the house to engage in field work.
In conclusion, option A is correct.
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Business optimism about future sales tends to <u>increase </u>investment expenditures, shifting the ad curve to the <u>left</u>.
The National Federation of the unbiased enterprise (NFIB) Small commercial enterprise Optimism Index is a composite of ten seasonally adjusted components. It offers an illustration of the fitness of small businesses within the U.S., which account for more or less 50% of the country's private team of workers.
The NFIB Small business Optimism Index in the united states decreased to 89.5 in June of 2022, the lowest given that January 2013, and in comparison to 93.1 in may additionally. An internet bad 61% of small enterprise owners count on higher commercial enterprise situations over the next six months, the bottom level recorded within the 48-year survey.
This business confidence indicator presents information on destiny trends, primarily based on opinion surveys on traits in manufacturing, orders, and shares of completed items in the industry zone.
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The location and experience curve economy is the main goal of a global standardization plan, which also recognizes the interdependence of many of its operations.
Using uniform marketing messages and campaigns across markets, nations, and cultures is referred to as a global standardization approach. The largest companies in the world, including Coca-Cola and Adidas, adopt a global standardization approach to provide a unified brand experience across geographies and languages.
A corporation may ensure that its products and the way they are sold are generally the same all over the world, spanning nations, cultures, and platforms, by implementing a global standardization plan. The final objective is to make the brand more recognizable to everyone while simultaneously lowering expenses and complexity.
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