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
Andrews [41]
3 years ago
9

12. What is elasticity of demand?

Social Studies
1 answer:
swat323 years ago
5 0

Answer:

<h3>(4) A measure of how consumers react to a  change in price.</h3><h3 />

Explanation:

  • The elasticity of demand is simply the change in demand due to change in the price of a product.
  • As we know demand is proportionate to the price of a product, when products are produced at a lower  price, there is an increase in the demand.Similarly, if products are produced at a higher price, the demand also falls.
  • The elasticity of demand is a measure of how consumers react to a  change in price. It helps consumers to understand the market price of a commodity and thereby, reacts according to the price.
You might be interested in
Wright a paragraph explainin the pros and cons of U.S. involvement in the Korean War. Which do you believe outweighs the other?
Dmitrij [34]

Pros of US involvement in the Korean War:<span>
<span>1.) They helped fight communism.</span></span>

2.) Korea had more military defense and equipment as provided by the American government.

 

Cons of US involvement in the Korean War:

<span>1.)   </span>Thousands of lives were lost during the process. The casualties were inevitable given the great devastation done on the country.

<span>2.)   </span>Some other countries did not approve of the US involvement with the Korean War.

7 0
3 years ago
Read 2 more answers
If a group of citizens believes smoking should be outlawed in all common areas within their state, they have a right to express
Eddi Din [679]
The best and most correct answer among the choices provided by the question is lobbying <span>.

</span>Lobbying in the United States<span> describes paid activity in which </span>special interests<span> hire well-connected professional advocates, often lawyers, to argue for specific legislation in decision-making bodies such as the </span>United States Congress<span>.</span>
<span>
Hope my answer would be a great help for you.  </span>  
If you have more questions feel free to ask here at Brainly.  
8 0
3 years ago
Read 2 more answers
Why do some argue that direct democracy is simply a way for the wealthy and businesses to get their own policies passed?
Dmitrij [34]

Answer:

At present, when democracy is spoken of as a form of social organization, it is generally understood as the most fair for the majority, so that in practice it should be the most beneficial for a society, and in this way progress could be made. Towards a better state. But what happens in countries where there is no real democracy as it is in Cuba, China, as well as some Arab countries where the form of government is rather authoritarian? Probably in those nations the idea of ​​how to achieve that "it is better for the people" is different from what is thought in most countries today, or in the case of ancient Greece where democracy was considered one of the worst systems of government. That is why, given that Chile is currently a democratic country, in theory, it is necessary to analyze the true strengths and weaknesses of this way of governing as well as consider the question of really being in a democratic society.

5 0
3 years ago
uppose the entire banking system has $50 million in excess reserves and a required reserve ratio of 10 percent. The deposit-crea
Svetllana [295]

Answer: The deposit-creation potential of the banking system is $500 million.

Explanation: To solve: take the money that the banking system has in excess reserves $50 million and multiply it by the reserve ratio of 10%. $50,000,000 x 10 = $500,000,000

7 0
3 years ago
Your grandfather works on the new york times crossword puzzle every day. he has been very good at solving the puzzle and nearly
AURORKA [14]
This is semantic memory.
Semantic memory actually refers to your 'general knowledge' - the information that you know about the world in general. The grandfather's semantic memory is quite strong and it doesn't seem to decline, which is why he is still so good at solving crossword puzzles. This refers to knowledge and memory that we accumulate throughout our lives. 
4 0
3 years ago
Read 2 more answers
Other questions:
  • The incorporation process said state governments
    13·1 answer
  • Rhonda feels strongly that employers should always pay what she considers a living​ wage, by which she means something far above
    15·1 answer
  • To help prevent ____ attacks, you must educate your users not to type logon names and passwords when someone is standing directl
    13·1 answer
  • How did the Aztec become so powerful?
    14·2 answers
  • According to theorist william j. wilson, in which power relationship does the dominant group exercise almost complete control ov
    7·1 answer
  • After research into the effectiveness of Project D.A.R.E. found that the program was ineffective, publication of the research re
    10·1 answer
  • Which of the following is FALSE about working conditions in the late 1800s in the United States? A. People worked an average of
    7·2 answers
  • Preschoolers __________. Question 8 options: tend to have fluid moral reasoning cannot distinguish moral imperatives from social
    7·1 answer
  • Which of the following is an essential ingredient of academic self-esteem?
    11·2 answers
  • Which social policy mentioned in the video is usually thought of as a state and local issue, but has seen the federal government
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!