In this case, miguel is conducting a: <span>Case Study
Case study refers to a research that measures a development of a particular individual or social group within a certain period of time. This type of research is really useful to understand how a social phenomenon happened and shaped from the scratch
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They are consumers but they can also sometimes be producers
Repay loans so that the bank can get it reserves back up to the required level
Answer:
coefficient = 0
Explanation:
We have the formula to calculate the price elasticity of demand as following:
<em>Elasticity coefficient = % Change in quantity/ % Change in price</em>
As given:
+) The percentage change in price is: (120-150)/150= - 20%
+) The quantity bought remains unchanged - which means the percentage change in quantity demanded is 0%
=> <em>Elasticity coefficient = % Change in quantity/ % Change in price</em>
<em>= 0/-20 = 0</em>
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<em>So the coefficient of price elasticity of demand in this example would be 0</em>
That statements is true
Manufacturer is a type of business that transform raw materials into a sellable goods, so technically they can be considered as a producer in the market.
Retailers is someone that sell the goods that produced by the manufacturers to the consumers.
So, in this case, they did perform both production and retailing activities
