1.Price elasticity of demand affects a business's ability to increase the price of a product. Elastic goods are more sensitive to increases in price, while inelastic goods are less sensitive.
2.
Income elasticity measures the responsiveness of demand to a change in income. Cross price elasticity of demand measures the responsiveness of quantity demanded to a change in price of another good. Demand elasticity of make pricing decision will define how the market will react to changes in price.
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Eratosthenes is most famous for making the first accurate measurement of Earth's circumference sometime around 240 B.C.
Carbon dating can help determine the age at which the object is. This has helped scientist determine Early Earth. Although carbon dating can only date back not that long, scientists also use argon and uranium dating.
Answer: C. Labor unions
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A 2018 report from the Congressional Research Service stated, at the national level, violent crime and homicide rates have increased each year from 2014 to 2016