Auto insurance companies manage the increased cost associated with high-risk drivers by both charging them higher rates and balancing them out with low-risk drivers.
Answer:
E_s = 0.9
It's inelastic
Explanation:
Formula for elasticity of supply is;
E_s = % change in quantity supplied/% change in price
The percentage will cancel out so, we are left with;
E_s = change in quantity supplied/ change in price
Change in quantity supplied = (200 - 100)/((200 + 100)/2) = 3/5
Price for 100 buckets = 100 × 80 =$8000
Price for 200 buckets = 200 × 80 = $16000
Change in price = (16000 - 8000)/((8000 + 16000)/2) = 2/3
Thus:
E_s = (3/5) ÷ (2/3)
E_s = 0.9
Now, this price elasticity supply value is less than 1. Thus, it can be categorized as being inelastic.
Free energy given out by companies, like light companies will make the workers not want to work there is a reason for jobs and payment if we don't work there will be no energy o if we give out free energy soon the workers will out want to work and later result with no energy left to give.Example a person got paid and the company gave free energy for someone you would want pay so they would give pay to you but later on they will run out of money to pay the workers because no one is paying for the energy.
The most economic activities were agriculture.
Answer:
The demand in Europe for commodities such as tobacco and sugar.
Explanation:
