Answer: Inelastic
Explanation:
The coefficients in a log-log model represent the elasticity of your dependent variable with respect to your independent variable. In other words, the coefficient in a log-log demand model is the estimated percent change in with respect to a percentage change in the independent variables like , , M, , etc.
Thus, coefficient of represents the elasticity of demand for good X with respect to Price of good x. So, Own-price elasticity of good x is 0.8.
Since this is less than 1 the good is relatively inelastic.
Answer:
the person may be nervous, causing the test to be invalid
In the context of the production era, the "hard sell" refers to the aggressive persuasion designed to separate consumers from their cash.
<u>Explanation:</u>
During the time of production era, the production of goods and services were increased. Hence the prices of these goods and services were reduced. The main aim of the production era was to reduce the cost related to the manufacturing process.
In the time of production era, the business gained profit and the cost related to the production of products were reduced. The term "hard shells" in the context of production era refers to the aggressive attraction that is made for separating consumers and their cash.
Sustained sun evaporate lox unles it visual girl