Answer:
3
Explanation:
We are asked to use the midpoint formula.
Here, instead of dividing the change in values by the old value as in the normal elasticity calculation, we use the average of the two.
Mathematically:
Price elasticity of demand according to midpoint formula is :
{Q2 - Q1 / (Q2 + Q1) ÷ 2] × 100%} ÷ {[P2 - P1/ (P2 + P1) ÷ 2] × 100}
Price changed from 5 to 7. The midpoint of 5 and 7 is the average = (5+7)/2 = 6
% change in price in this case is (7-5)/6 * 100 = 100/3 = 33.33%
% change in quantity:
We first find the average = (12+4)/2 = 16/2 = 8
% change = (4-12)/8 * 100 = -100%
The elasticity of demand is thus -100/33.33 = 3
Answer:
d. Esteem
Explanation:
Esteem is the fourth level of Maslow's hierarchy of needs. Esteem is related to self-esteem, self-apperciation, status, and respect by others.
When customers from Malasya and Singapore buy a gift that serves as a status symbol, they are meeting a need that is related to this level. They are trying to improve their self-esteem at the same time that they improve the perception that others have of them.
Answer:
Science-push
Explanation:
The science push approach was the first linear model (1950s - 1960s) developed in order to explain the innovation process. It is called a linear model since it believed that innovation started with scientific discovery, then invention, engineering, manufacturing and finally the marketing of a new product.
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<u>Science-push approach</u>
basic science ⇒ research an development ⇒ production ⇒ marketing
The basic error of this model is that it doesn't consider any type of feedback at any stage.
Answer:
The two main criteria for consideration of bachelor's degree program,
Pre requisite subjects. This is a must to have requirement. ...
Merit based. This is also a must to pass requirement.
Explanation:
;)
Combining drugs could cause an overdose.