Answer:
By definition, the price elasticity of demand equals the percentage changes in the quantity demanded divided by the percentage changes in the price. There is an opposite relationship between the demand elasticity and the slope of the demand curve.
Answer:
B. The khaki pants
Explanation:
Opportunity cost is the benefits forfeited as a result of choosing one item or activity over the other. It the value of the next best alternative of choice made.
Opportunity costs arise because people have to make choices every day. Choosing an item over others implies sacrificing the benefits of the others. The value or cost of the sacrificed item represents the opportunity cost.
Khaki pants are the opportunity cost. Kyla is comfortable with either blue jeans or khaki pants. He does not like black jeans. His alternatives are khaki pants or Blue jeans. Choosing blue jeans implies forfeiting khaki pants. The khaki pants are the best alternative that was missed.
Project managers involved in risk assessment and mitigation will help focus attention on all aspects of risk management.
The term "project manager" refers to a specialist in the discipline. In every effort with a specified scope, defined start, and defined completion, regardless of industry, project managers are responsible for the planning, procurement, and execution of the project.
As the project representative, project managers are the first point of contact for any difficulties or disagreements that arise between the leaders of different departments in a business.
This prevents the issue from becoming more serious and involving higher authorities.
The job of a project manager is to manage projects. Rarely does this person actively engage in the processes that lead to the outcome; instead, they work to keep the various parties' tasks moving forward and interdependent in a way that minimises the likelihood of an overall failure, optimises rewards
Learn more about Project managers here:
brainly.com/question/17313957?
#SPJ4
Answer:
Maximum expansion in money supply = $5,000
Explanation:
The fractional banking system requires banks to keep a percentage of their total deposit as reserve and lend the rest as loans and advances
The total maximum amount that can be created by the bank is equal TO the amount of deposit multiplied by the creation multiplier.
The multiplier = 1/reserve ratio
Maximum amount = 1,000 × 1/0.2
= $5,000
Answer:
Option C, An decrease in the price of golf balls, is the right answer.
Explanation:
Option “C” is correct because as per the law of demand, the price of a commodity and its demand are inversely related to each other. If the price increases, then the demand for the commodity falls. If the price of the commodity falls, then the demand increases. Similarly, in the case of golf balls, when its price decreases then this decrease in price will result in an increase in demand for golf balls.
