Answer:
Inelastic
Explanation:
The price elasticity of demand is the degree of responsiveness of demand for a product or service to a unit change in price. The demand for a product is said to be elastic when a change in price has a relatively large effect on the demand for the product, unitary when there is a percentage change in price brings about an equal percentage change in the demand for the product, and inelastic when a change in the price of a product brings about a smaller change in the demand for the product.
<em>In the case of the DVD rentals, a 10% increase in price brought about only a 5% drop in demand. Hence, the demand for DVD rentals is said to be inelastic because a change in the price brought about a smaller change in the demand for DVD rentals.</em>
Answer:
Following are the solution to this question
Explanation:
please find the complete question in the attached file.
In point a:
The answer is "bottom".
In point b:
Using formula:
3. Plastic rubbed in hair would make the plastic negatively charged and the hair positively charged. This means that the attractive force between the paper and plastic is greater than the repulsive force between paper and plastic. The net result is an attraction between the paper and the plastic.
