In 1892 the Populist Party, or “the People’s Party”, was formed under the motivations of strengthening political democracy and giving farmers economic equality with business and industry.
Populists advocated for: an increase in the circulating currency (by the unlimited coinage of silver), a graduated income tax, government owning of railroads, a tariff for revenue, and the direct election of U.S. senators.
<span>They expected great Tory support there.</span>
From the information given, the price of widgets is price elastic. This is because a reduction in price translated to change in revenue.
<h3>What is the explanation for the above?</h3>
Note that
Price of widgets= $8
Recall that
Total revenue = P*Q; thus
= 8*12
= $96
Where price is $7;
Therefore,
Total revenue(TR) is derived as;
= 7 x 16
= $112
Hence, the fall in price led to a rise in TR. This means that the demand is price elastic.
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According to research, Joe's mother's response will be the most helpful for Joe.
Regardless of the gender of the child, it is okay for them to cry if they are feeling sad when something bad happens. So Joe's dad telling him he shouldn't cry because 'big boys don't cry' won't be helpful for this situation because he is still a young boy and he is feeling sad, so he wants to let his feelings out.
