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Gnesinka [82]
2 years ago
15

Define price elasticity of demand. Explain the difference between elastic demand and inelastic demand.

History
2 answers:
Stolb23 [73]2 years ago
7 0

Answer: Price elasticity of demand is a measure of the responsiveness of consumers to a change in a product's cost. ... So, if the price elasticity of demand is being measured, the formula would be the percentage of change in the quantity in demand divided by the percentage change in price.

Explanation: i wrote out this responce on the test and got it right...feel free to use it

mihalych1998 [28]2 years ago
5 0

Answer:

One fluctuates in demand the other does not!

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Rules for the officers were strict and specific.

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Which of the following challenges faced by Lewis and Clark was the direct result of a lack of available maps?
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3 years ago
Why was the condition of the working class in england significant?
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Answer:

"The Condition of the Working Class in England" is a profoundly important book because it reveals the raw empirical data that confronted the young Engels. Out of the panorama of misery and class oppression that he observed in England in the 1840s, he came to the conclusion that proletarian revolution was necessary.

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2 years ago
What region is in another time zone than most of the rest of Texas?
liubo4ka [24]

Answer:

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8 0
3 years ago
how did the kennedy administration know that the soviet union was putting ballistic missiles in cuba?
Komok [63]
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2) Only minutes. A launch from the Soviet Union to the US only takes about 20 minutes. Depending on the range of the missiles put into the silos, warning time would have been anywhere from 3-10 minutes. Not enough time to verify that it was a launch, and not a detection system malfunction, forcing America to launch immediately, or risk losing its capacity to strike back.
3) A direct attack or invasion of Cuba would have forced the Soviet Union to respond in kind. The USSR simply could not abandon Cuba, without losing all credibility among its allies and vassal states. So they would likely have struck back at the US, probably in Europe. This would have dangerously escalated the tensions, and increased the probability of nuclear war. Other officials believed that a quick,determined strike would not only eliminate the immediate threat of missiles in Cuba, but possibly overthrow the regime and force the USSR to accept the situation. The idea of a naval blockade was a compromise position. A threat of force, but one that allowed the USSR to back off. After all, so long as the missiles were not put into the silos, they were no threat.
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