Answer:
Elastic demand
Unit elastic demand
Inelastic demand
Explanation:
Elasticity of demand measures the degree of responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded/ percentage change in price.
Denand is elastic if when price is increased, the quantity demanded changes more than the increase in price. Quanitity demanded is more sensitive to changes in price.
If price is increased, the quantity demanded falls and as a result the total revenue earned by sellers falls.
The elasticity of demand is usually greater than 1 when demand is elastic.
Demand is unit elastic if a change in price has the same proportional change on quantity demanded. The coefficient of elasticity is equal to one.
If price is increased, the quantity demanded changes by the same proportion so there's no change in total revenue of sellers.
Demand is inelastic if a change in price has little or no effect on quantity demanded.
Coefficient of elasticity is usually less than one.
If price is increased, there is little or no change in the quantity demanded and as a result the revenue earned by sellers increase.
I hope my answer helps you
Suppose the local slaughterhouse gives off an unpleasant stench. the price of meat would then be too low because not all of the costs are accounted for in the marketplace.
When the price of an item increases, buyers tend to purchase less of that item due to both the substitution effect and the income effect. When the pizza was on sale at the student council he was selling for $2, Mo didn't buy any. When the price dropped to $1.75 he bought one for Moe's daily lunch.
An increase in demand and a decrease in supply raises the slaughterhouse price, but the effect on the equilibrium quantity cannot be determined. 1. For each quantity, consumers should place a higher value on the goods and producers should set a higher price to supply the goods. Therefore, the price is higher.
Learn more about the slaughterhouse at
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Answer:
no ❤️️
Explanation:
No❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️
Using a credit card is like borrowing money, while debit cards let you draw directly from your bank account
<span>b. debit interest receivable for $500 and credit interest revenue for $500
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