1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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!

You might be interested in
Describe how the Chaldean
wolverine [178]

Answer:

Nebuchadnezzar II was the most famous and important king of the Chaldean Empire. He ascended the throne in 605 BC. He was a great builder, conducted successful military campaigns, His great accomplishment was his palace - used for administrative, religious, ceremonial especially the legendary Hanging Gardens of Babylon.

Explanation:

The Chaldeans were the migrants to Mesopotamia and were not powerful than the Assyrians and the Babylonians who had established themselves in Mesopotamia. They later associated themselves to the Assyro - Babylonian culture after the fall of Babylonia in 539 BCE. The Chaldeans often ruled as their vassals with no important power. With the establishment of power by Nabopolassar, the founder of the Chaldean Empire and the father of Nebuchadnezzar II, the Chaldeans established their rule in Mesopotamia. The Chaldeans became even more powerful under Nebuchadnezzar II. The sources about him are also mentioned in the Bible, book of Daniel and in those inscriptions found in Mesopotamia. Though the Bible is not favourable to him, the people of Mesopotamia praise him as a great king. By 572 BC, he was in full control of Babylonia, Chaldea, Aramea, Phonecia, Israel, Judah, Philistia, Samarra, Jordan, northern Arabia, and parts of Asia Minor. History remembers him as a great king and the creator of the Hanging Gardens of Babylon, which is among the seven wonders of the world.

4 0
3 years ago
Which advancement has had the GREATEST impact on how the average American shops for goods today compared to the 1970s?
fomenos
The American shops for good today’s are fruit , businesss ,
7 0
3 years ago
Read 2 more answers
Dont forget Jesus is coming soon
Elis [28]

Answer:

JESUS IS COMING SOON

✝️✝️❤️❤️❤️❤️ITS NOT TO LATE TO SHARE THE GOSPEL AND AMEN STAY SAFE JESUS IS COMING

4 0
2 years ago
Read 2 more answers
WILL GIVE BRAINLIEST!!!!!
iragen [17]

The answer is Neruda, Pablo. "We Are Many." <em>We Are Many</em>, translated by Alastair Reid, Cape Goliard Press Ltd., pp. 12-13. Trust me I took the test.

8 0
3 years ago
Read 2 more answers
Which describes how the emergence of capitalism changed society?
avanturin [10]

Answer:

The second option

Explanation:

First of all, capitalism is an economic idea, so you can eliminate the first and last option right away. The idea of capitalism is that you have private owners that control the economy, that can receive profit. This runs contrary to a state-run economy, which is what communism has. So, the second option is the only choice that make sense because it defines what capitalism is: The idea that you can have an economy that +for the most part) is run completely by private businesses, without outside government interference.

3 0
3 years ago
Other questions:
  • What did churchill mean when he said that instead of being forced to “snatch” his food from the table, hitler had “them served t
    9·1 answer
  • Read this statement by French Premier Clemenceau. America is far away, protected by the ocean. Not even Napoleon himself could t
    5·2 answers
  • How did Enlightenment ideas about liberty, natural rights, and human dignity apply to most of the world’s people in the eighteen
    14·2 answers
  • PLEASE HELP ME 30 POINTS
    5·2 answers
  • Did the end of the war and of slavery lead to a peace based on liberty and justice for all was Reconstruction just the first sta
    13·1 answer
  • The image supports which of the following conclusions?
    7·2 answers
  • What helped stop communism?
    13·2 answers
  • The Pilgrims established their New World colony after sailing to New
    13·1 answer
  • Who is the Federalist Society
    12·1 answer
  • Which movements were for economic rights, and which were directed at the abolition of slavery?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!