It should be noted that a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
<h3>How to explain the demand?</h3>
It should be noted that an elastic demand is one werr the change in quantity demanded due to a change in price is large.
Also, an inelastic demand is one in which the change in quantity demanded due to a change in price is small. When the formula creates an absolute value greater than 1, the demand is elastic.
Here, a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
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Answer:
i feel like its A or D i could be wrong but i believe its one of the two
Answer:
0
Step-by-step explanation:
This deals with simplification or other simple results.
Answer:
The correct option is c.
Step-by-step explanation:
The percentage probability distribution is:
Size (X) Percentage
2 39.9
3 24.4
4 20.1
5 10.8
6 3.3
7 1.5
Total 100.0
Compute the probability that the size of the family is 4 or more as follows:
P (X ≥ 4) = P (X = 4) + P (X = 5) + P (X = 6) + P (X = 7)
= 0.201 + 0.108 + 0.033 + 0.015
= 0.357
Thus, the probability that the size of the family is 4 or more is 0.357.
The correct option is c.
Informally assess the degree of visual overlap of two numerical data distributions with similar variabilities, measuring the difference between the centers by expressing it as a multiple of a measure of variability.
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