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Gnesinka [82]
3 years ago
15

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

History
2 answers:
Stolb23 [73]3 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]3 years ago
5 0

Answer:

One fluctuates in demand the other does not!

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3 years ago
PLEASE HELP ITS DUE TOMORROW, it’s us history the midnight ride of the Paul revere
EastWind [94]

Answer:

Explanation:

On this day in 1775, British troops march out of Boston on a mission to confiscate the American arsenal at Concord and to capture Patriot leaders Samuel Adams and John Hancock, known to be hiding at Lexington. As the British departed, Boston Patriots Paul Revere and William Dawes set out on horseback from the city to warn Adams and Hancock and rouse the Minutemen.

By 1775, tensions between the American colonies and the British government had approached the breaking point, especially in Massachusetts, where Patriot leaders formed a shadow revolutionary government and trained militias to prepare for armed conflict with the British troops occupying Boston. In the spring of 1775, General Thomas Gage, the British governor of Massachusetts, received instructions from Great Britain to seize all stores of weapons and gunpowder accessible to the American insurgents. On April 18, he ordered British troops to march against Concord and Lexington.

The Boston Patriots had been preparing for such a British military action for some time, and, upon learning of the British plan, Revere and Dawes set off across the Massachusetts countryside. They took separate routes in case one of them was captured: Dawes left the city via the Boston Neck peninsula and Revere crossed the Charles River to Charlestown by boat. As the two couriers made their way, Patriots in Charlestown waited for a signal from Boston informing them of the British troop movement. As previously agreed, one lantern would be hung in the steeple of Boston’s Old North Church, the highest point in the city, if the British were marching out of the city by Boston Neck, and two lanterns would be hung if they were crossing the Charles River to Cambridge. Two lanterns were hung, and the armed Patriots set out for Lexington and Concord accordingly. Along the way, Revere and Dawes roused hundreds of Minutemen, who armed themselves and set out to oppose the British.

Revere arrived in Lexington shortly before Dawes, but together they warned Adams and Hancock and then set out for Concord. Along the way, they were joined by Samuel Prescott, a young Patriot who had been riding home after visiting a lady friend. Early on the morning of April 19, a British patrol captured Revere, and Dawes lost his horse, forcing him to walk back to Lexington on foot. However, Prescott escaped and rode on to Concord to warn the Patriots there. After being roughly questioned for an hour or two, Revere was released when the patrol heard Minutemen alarm guns being fired on their approach to Lexington.

About 5 a.m. on April 19, 700 British troops under Major John Pitcairn arrived at the town to find a 77-man-strong colonial militia under Captain John Parker waiting for them on Lexington’s common green. Pitcairn ordered the outnumbered Patriots to disperse, and after a moment’s hesitation, the Americans began to drift off the green. Suddenly, the “shot heard around the world” was fired from an undetermined gun, and a cloud of musket smoke soon covered the green. When the brief Battle of Lexington ended, a handful of Americans lay dead and several others wounded. The American Revolution had begun.

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