I believe the answer is: in-elastic
A product is considered to be inelastic if the change in price do not or has very little impact of the product demand.
From the scenario above, we can see that even though the price drops, the percentage is still way below the amount of price icnreased (10% : 30%) , so we can consider the product to be inelastic.
Answer:
door-in-the-face
Explanation:
A friend asks Nana to edit her 15-page term paper. Because of her own heavy workload, Nana tells her she's unable to do it. The friend then asks Nana to only read the first part, which is five pages long. Nana quickly agrees to help her. Later she realizes that her friend used a persuasion strategy called the "door-in-the-face technique.
Answer:
SUMMARY The two great Bible teachings are the law, which tells us what we should and should not do, and the gospel, which tells us what God has done for us.
Explanation:
In the circular flow model, the market economy creates continuous, repetitive flows of goods and services, resources and money. In this model, households spend income in the product market. According to the circular flow model, households buy the goods and services that businesses make available in the product market. Moreover, In the circular flow model, businesses will buy resources from and sell products to households and other businesses. In this way: The function of businesses in the circular flow model is purchase resources and sell products.
1. Congress passes laws
AND
2. Congress decides how to spend our money
