Answer:
The ratio of the percent change in quantity demanded to the percent change in price.
Explanation:
Price elasticity of demand measures how responsive quantity demand is to changes in price.
The formula is given by
Price elasticity of demand= Percetage change in demand/ Percentage change in price
Usually the price elasticity bis negative. Goods that don't obey the law of demand have positive elasticity.
There are five general types of cover letters:
<span>1. </span>Application Letter - to apply for a specific job opening
<span>2. </span>Referral Cover Letter - mentions the name of a person who has referred you to a job
<span>3. </span>Letter of Interest - <span> a prospecting letter, inquires about possible job openings </span>
<span>4. </span>Networking Letter-<span> request job search advice and assistance (sample networking letters)</span>
<span>5. </span>Value Proposition Letter - a brief statement explaining what makes the candidate unique
<span>If you are to request assistance and support from a job network, therefore, you must use the networking letter type of cover letter.</span>
Answer:
The answer is: Mike will have to pay state income tax even if he is signed by teams from Florida, Texas or Washington, due to Jock Taxes that are levied on professional athletes.
Explanation:
Mike could be selected by a team from Florida, Texas or Washington (6 possibilities out of 32 teams) and not pay any state income taxes for the games they play at home.
He will have to pay state income taxes for the other games his team plays outside those 3 states and Washington DC. Most states (47) collect a Jock Tax which means that professional athletes that reside outside the state must pay state income taxes when they play a visiting game in their state.
Answer: What is Sancho’s purpWhat is Sancho’s purpose for writing ?oe for writing?
Explanation:
What is Sancho’s purpose for writing ?What is Sancho’s purpose for writing? Sancho’s purpose for ?What is Sancho’s purpose for writing?
Answer:
Increase
Explanation:
Consumer surplus means the difference between the highest price a consumer is willing to pay and the actual market price of a product
Producer surplus means the difference between the market price and the lowest price a producer is willing to take for his product.
The addition of the two gives total surplus which is also known as economic surplus.
In economics, market price and quantity of a good are obtained when supply and demand curves intersect. The space before the intersection of the two curves is where the consumer is ready to pay higher than the price which suppliers is ready to a given quantity the good. There is therefore surplus for both of them at the market price.
If the demand curve shifts to the right while the supply curve remains constant, the market price will rise and this will lead to increase both consumer and producer surplus increase. By implication, total surplus will rise since it is the addition of both consumer and producer surplus.
Therefore, total surplus will increase if a bad winter in the mainland United States increases demand for tropical vacations, which shifts the demand curve to the right while the supply curve stays constant.
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