Answer:
employed workers and persons who are officially unemployed
Explanation:
The labor force is the force that involves the labors who are employed and the unemployed i.e. officially
In an equation, it can be
Labor force = Employed workers + unemployed workers
It is a combination of both the employed and the unemployed workers
hence, the correct option is third
Therefore all the other options are wrong as they do not meet the criteria of the labor force
Answer:
Elastic demand
Unit elastic demand
Inelastic demand
Explanation:
Elasticity of demand measures the degree of responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded/ percentage change in price.
Denand is elastic if when price is increased, the quantity demanded changes more than the increase in price. Quanitity demanded is more sensitive to changes in price.
If price is increased, the quantity demanded falls and as a result the total revenue earned by sellers falls.
The elasticity of demand is usually greater than 1 when demand is elastic.
Demand is unit elastic if a change in price has the same proportional change on quantity demanded. The coefficient of elasticity is equal to one.
If price is increased, the quantity demanded changes by the same proportion so there's no change in total revenue of sellers.
Demand is inelastic if a change in price has little or no effect on quantity demanded.
Coefficient of elasticity is usually less than one.
If price is increased, there is little or no change in the quantity demanded and as a result the revenue earned by sellers increase.
I hope my answer helps you
$4 million.
An item is worth what the market is willing to pay for it, which is sometimes different than the estimated value.
Answer:
C. planning; marketing plan
Explanation:
A marketing process is the establishment of goals for a marketing campaign. <em>During the planning phase, you'll need to set your target customers and how to approach them, this will lead to specific and measurable goals to direct your next actions.</em>
I hope you find this information useful and interesting! Good luck!
