Marginal propensity to consume and marginal Propensity to save always equals to each other.you consume only from what you have saved
Answer:
The Streaming device - elastic
An elastic good is a good whose demand falls a lot, or proportionally, if the price rises. In this case, the price of the streaming device rose by 42%, and revenue fell proportionally even more, by 59%, thus, the streaming device is a very elastic good.
Cinema ticket prices - Unit elastic
A perfectly inelastic good is a good whose demand does not respond to price changes. In this case, even if the ticke prices were lowered, demand stayed the same because revenue stayed the same.
DVDs - Inelastic
The DVDs are inelastic because even if the prices were raised, demand was not affected, and in fact, it grew. An inelastic good is a good whose demand only responds to price in a limited way.
Answer: Option B
Explanation: In simple words, revenue refers to the income received by an organisation by performing its main activities. It is the amount of cash inflow made by the company before deducting the expense incurred to generate those inflows.
It is also sometimes referred to as gross profit or sales.
Thus, from the above we can conclude that the correct option is B.
Answer:
<em>B. demand for Apple computers decreases.</em>
Explanation:
If two things are substitute of each and other, that generally in simple words means either this or this. As we can see in the statements that has been provided in the question that Dell and Apple computers are substitute of each other, <em>so if the amount from Dell computer decreases then the demand of the computers made by Apple company will absolutely decrease. </em>
Because two devices which carries almost same qualities and features are also substitute of each other, i<em>f price of one device from the both substitutes will decrease, everyone will rush to buy the device with low price and the device with high price will get less popular among the consumers.</em> So, this is the reason which says OPTION(B) is the correct answer.
Answer: Option B
Explanation: In simple words, dominant strategy refers to the situation in which one strategy gives higher outcome to one player as compared to other player.
Under such a situation the dominant player gets an absolute advantage against his or her opponent and will get better results bio matter how hard and efficient the opponent plays.
For example- In computer industry Apple has a dominant strategy which they have earned out of the market experience and no matter how much other companies try, they can not break customer base of Apple.
