It should be noted that a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
<h3>How to explain the demand?</h3>
It should be noted that an elastic demand is one werr the change in quantity demanded due to a change in price is large.
Also, an inelastic demand is one in which the change in quantity demanded due to a change in price is small. When the formula creates an absolute value greater than 1, the demand is elastic.
Here, a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
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1= 12.2
8=97.6
and for the last one the answer is 10 :))
it looks correct to me
ps. i hate savvas realize
Answer:
3.8% of 11,500 is 437 so then we would multiply 437 by 3 and get $1,311 then round and get $1,300, I don't if this is right.
Step-by-step explanation:
