1.Price elasticity of demand affects a business's ability to increase the price of a product. Elastic goods are more sensitive to increases in price, while inelastic goods are less sensitive.
2.
Income elasticity measures the responsiveness of demand to a change in income. Cross price elasticity of demand measures the responsiveness of quantity demanded to a change in price of another good. Demand elasticity of make pricing decision will define how the market will react to changes in price.
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The population of the world energy be consumed is 31% So your answer is C
Answer:
D. Old Kingdom.
Explanation:
This happened around 2300 BC when the pharaohs lost control over the nation as there was an intense power struggle among the nobles.
This power struggle led Egypt into 200 years of confusion and uncertainty before a new dynasty came to take over.
This happened in the Old Kingdom.
To get products they cannot produce