Prioritization allows us to make decisions about what is important so we can know what to focus on and what's not as important. Being able to discern tasks that are necessary from those that we should do is crucial. Prioritization is a critical skill to have, but can take some practice to achieve.
From the information given, the price elasticity of demand is -5% and it can be sent that it's elastic.
The percentage change in the quantity demanded will be:
= (20 - 16) / 16 × 100
= 25%
The percentage change in price will be:
= (19 - 20) / 20 × 100
= -5%
Price elasticity of demand = 25/-5 = -5
Sincere it's greater than 1, it's elastic.
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Answer:
yes D is the correct answer
Answer:
a. the demand curve will become flatter
Explanation:
<u>a. the demand curve will become flatter</u>
This means it will become more price sensitive and increases and decreases in the gasoline price will generate a greater increase or decrease in the quantity demanded over time.
<u>b and d without the precise formula for demand we can't be sure</u> that the new elasticity will impact the current equilibrium. It could happen or it could not.
c.- the demand curve will flatter, it will change it shape, not the location.
Answer:
These are the four types of partnerships.
General partnership. A general partnership is the most basic form of partnership. ...
Limited partnership. Limited partnerships (LPs) are formal business entities authorized by the state. ...
Limited liability partnership. ...
Limited liability limited partnership