Answer:
Estimated as Elastic Demand
Explanation:
Elastic demand is where a change in price causes a significant change in demand, therefore 20 hats to 15 hats can be considered significant and we can conclude that it's elastic demand.
<span>By renting a home instead of purchasing one, you are paying someone else's mortgage every month and getting nothing in return. While you are gaining a home to live in for the short term, in the long term you will gain nothing. When you purchase a home you will have a home that you own and that you cannot be evicted from as long as you pay your mortgage.</span>
The answer to this question is Equilibrium price
The equilibrium price most commonly indicate the price level where both sellers and buyers feel satisfied.
In this level, the buyers will get the maximum value from the products while the sellers still maintaining a sustainable level of profit to continue their business.
The answer to the statement is false. It is because it is
restricted to use conventional promotional efforts in which it shouldn’t be
used. As this is only applicable in the
right place and time, addition to that, sale speak shouldn’t also be used
because audiences usually rejects it.
Answer: percentage change in quantity demanded
Explanation: the basic formula for the price elasticity
