If the quantity supplied by producers is relatively insensitive to price changes, supply is price inelastic.
Inelastic demand is demand for which the change in quantity demanded is small due to changes in price. Demand is elastic if the formula yields an absolute value greater than 1. In other words, quantity changes faster than price. If the value is less than 1, demand is inelastic.
For example, consumers are less price relatively insensitive if the product or service is unique or has few alternatives. Consumers are less price sensitive when total costs are low relative to total revenues. The total effort compared to the total cost of the final product also influences price sensitivity.
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If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.
price inelastic.
quantity demanded.
relative price increase.
change in price.
Answer:
- Your optimal strategy is to accept the proposed division.
- Your optimal strategy is to offer your classmate $ 0.49.
Explanation:
An optimarl strategy is one that maximizes a player’s expected payoff. In this case this is a cooperative game.
Explanation:
- It encourages people community to post their news
- The news can be posted for a group or to a general public too
- The group or the general public can comment on the news
- The news which is interesting based on the reviews will be given the top priority
Example:
Reddit - A large site with huge number of user
Digg - This is also quite popular and it has different categories of news where the user can view news based on his/her interest.
Answer:
Option B
Explanation:
In simple words, A policy of stabilisation refers to the package or group of indicators that have been presented to normalize a financial sector or economic system. The term may relates to initiatives in two separate situations: convergence of the economic cycle or stabilisation of its credit crunch. It is one type of unilateral strategy in any situation.
Thus, from the above we can conclude that the correct option is B .
