Answer:
B. the more inelastic is the demand for the final product.
Explanation:
Inelastic demand occurs when demand rises by a lower percentage as compared to the percentage of the price drop.
Take for instance, if price drops by 10% and then demand only rises by 4%.
Now, the derived demand curve for a product component will be more inelastic when there's more rises by lower percentages of the final product than price drop. The more inelastic the demand for a product is, the more inelastic the demand derive curve will be.
Answer:
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Answer:
120 units^2
Step-by-step explanation:
(12)(5)(0.5)(2) + (12)(2) + (13)(2) + (5)(2) = 120 units^2
Answer:
100 % or 1
Step-by-step explanation:
There are two dice
Each dice has a possible roll of 1,2,3,4,5,6
The possible sums are 2,3,4,5,6,7,8,9,10,11,12
The probability of getting a sum greater than 1 is 100 % or 1 since the outcomes are all greater than 1
