Seth is a competitive body builder. He says he has to have his 12-oz package of protein powder to "feed his muscles" every day.
On the basis of this information, what can you conclude about his price elasticity of demand for protein powder?(A) It is perfectly inelastic(B) It is perfectly elastic(C) The price elasticity coefficient is 0(D) it is elastic
Demand elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of price changes. When price goes up and demand goes down a lot, demand is said to be price elastic. When price rises and demand does not change significantly, demand is said to be inelastic to price.
Demand is perfectly inelastic when changes in price will not alter demand at all. This occurs when the good is considered an essential good to the consumer. This is the case of a bodybuilder, who needs a certain product every day to maintain his muscles. This person gives so much value to the product that even if the price increase is considerable, he will not decrease consumption at all.
Exempt review is a term used in academic studies that represents a situation in which a research or study may be approved by the institutional review committee (IRB), even with minimal risk. This type of research does not require much protocol by the IRB and can be approved for publication even without the need to convene this committee.
The correct answer is They encouraged Northern businesses to build factories in Georgia
Explanation: International Cotton Exposition it was a world fair held in Atlanta, to help the Bourbon Triumvirate to gain the businesses to invest factories in Georgia.
The crinkling sound of the bag is the conditioned stimulus for the rabbit.
<u>Explanation:</u>
The rabbit has got acquainted with the fact that every single time the crinking sound is made, it is followed by a treat. Hence, any crinkling sound heard by the rabbit is processed as an indication of a treat on its way.
This is because the sound stimulates the senses of the rabbit.
The rabbit is unable to distinguish between the sounds of bags crinkling. Thus, it responds in the same way every single time it gets to hear a bag crinkling.
