The most exact answer is 78.4J also in this kind of options we can say answer "d"
Answer:
A - elastic since many other fast food items could be considered close substitutes.
Explanation:
The price elasticity of demand is how much the demand of the Big Macs will change due to a 1% change in price. Should the elasticity be greater than 1, the Big Macs will be elastic. Should it be less than 1, the Big Macs are inelastic.
Demand elasticity is calculated as the percentage change in quantity demanded divided by a percentage change in price.
Since Big Macs are (i) a luxury good, and (ii) have close substitutes (other burgers available at McDonalds and other fast food stores), we will say their elasticity is greater than 1.
This means that the demand of Big Macs will change due to a 1% increase in price due to the presence of close substitutes.
Each increase in the prefix is a division by 1000.
The natural factor that is most likely to support the formation of an oceanic island is the rise of magma from the seafloor. Oceanic islands are also otherwise known as volcanic islands. When volcanoes erupt, they create layers of lava that break the surface of the water. When the tops of the volcanoes emerge, an island is created.<span> </span>
Answer:
Amplitude : The height of the wave from the origin to the crest/peak or trough
Explanation:
