Elasticity is one of the most basic concepts of economics. Elasticity is part of the field of microeconomics and it is crucial to know this concept, as well as its consequences. The concept of elastic and inelastic goods directly affects the pricing of companies on their products. Therefore, it is important for the investor to have a good sense of this indicator. This concept concerns how much variation in demand occurs in a variation in the price of a given product.
Elasticity can also be calculated by dividing variations by averages of quantities and final prices. People usually have a slope in the negative demand for goods. That is, people consume more when the price of a good is lower.
In the future the elasticity of demand can become something very harmful that increases values very dramatically and can take the economy to a difficult path to reverse
Answer:
The men who wrote the Constitution understood that enslaved persons would not be citizens.
Explanation:
In this excerpt, Taney argues that the Framers of the Constitution were extremely educated, accomplished and clever men. He also argues that due to this education, the Framers were able to see what the role of African people was, and that they believed they would not be citizens. Taney argues that the Framers were also basing their decision on the status that African people had in other countries. In these other countries, Taney argues that, "by common consent," they were excluded from "civilized governments."
The reason why corruption is very common in some African countries , such as zimbabwe is :
A. because the president rules the country like a dictator,
The government's power is too huge on that place
hope this helps
One answer is Lowering Interest Rates
The Fed may lower interest rates, which theoretically should (and usually does) increase the amount of money in circulation in the economy.
This is because banks are able to less expensively borrow money from the Fed. They also earn less on bonds from the Fed that they're holding, motivating them to sell them back to the government and invest their money elsewhere.
More money in circulation ideally stimulates economic activity.
