Answer:
the definition of a market in determining the price elasticity of demand
Explanation:
In economics, the price elasticity of demand is the measure used to determine the responsiveness and the elasticity of a quantity demanded for a good or a service to increase in the price when nothing but only the price of the product changes. It is the measure to show the demand of a product in relation to the price change of the product.
In the context, Juan Carlos is is filling up a survey regarding the demand or purchasing of toothpaste when the price of the toothpaste changes. Thus this is important to study the price elasticity of demand of a product in the market economy.
Answer:
Explanation:
Match what Bismarck hoped to accomplish by each of the following actions.
1. Russian friendship : To avoid a two-front war
2. English friendship : To isolate France
3. Triple Alliance
:To prevent a country from taking sides in a mainland European war .
Iron Chancellor Bismarck made the above political moves during his reign prior to World War 1 .
Answer:
In the first past the post system, as the name implies, the party or candidate winning the a plurality of votes obtains all the political seats being contested.
For example, suppose we have three parties, and 20 seats being contested in a fictional election. The results are:
Red party - 60%
Green party - 30%
Blue party - 10%
Under a first past the post system, the Red Party would obtain all the 20 seats.
Under a proportional system, on the other hand, each party or candidate gets a proportional amount of seats corresponding to the percentage of the votes.
For example, if the number of seats contested is 20, and we obtain the same results as above, the number of seats for each party (in bold) would be:
Red party - 60% - 12 seats
Green party - 30% - 6 seats
Blue party - 10% - 2 seats
An Oasis because a gravel-covered plain would hurt there feet.A salted crusted flat is dangers if one little piece of water touches the salt could ruin the whole area.A rocky plateau they would have have to climb up and down the plateau and they could get hurt.A Oasis has pure water,and enough trees to keep most or all the air pure, and almost to no dangers animals
Answer:
The given situation is an example of an<u> (A) External cost</u>
Explanation:
The Coase theorem is a theorem of economics and law, which states that in presence of an externality, if trade is possible and the transaction costs are low then the bargaining will result in a Pareto efficient outcome, despite of the property's initial allocation.
Therefore, this theorem describes the economic efficiency of an economic outcome in the presence of externalities.
As given, the parties in the college fraternity party is a negative externality as it can impose an external cost to the third party.
<u>Therefore, this is an example of an external cost. </u>
