The bay area subway system, Bart, offers senior citizens discounted fares for Bart rides. this suggests that Bart authorities believe that senior citizens have a more price elastic demand for subway rides.
The price elasticity of demand is the ratio of the rate of change in quantity demanded of a product to the rate of change in price. Economists use it to understand how supply and demand change when the price of a product changes.
Durable goods are an example of a product with elastic demand. These are items that are rarely bought, such as washing machines and cars, and can be moved if prices increase. For example, car discounts have been very successful in increasing car sales through lower prices.
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Answer:
De Soto wanted to introduce and establish populations of animals from Europe to the area. De Soto hoped to discover large quantities of gold rumored to be in the area.
Explanation:
The answer to this question would be D.
28 countries .///////<span>include Austria, Belgium, Bulgaria, Croatia, the
Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France,
Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg,
Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia,
Spain, Sweden, and UK //////</span>
An example of a social norm is that most people expect a 15 per cent tip.
<h3>What is a Social Norm?</h3>
Social norms refers to shared standards of acceptable behavior by groups.
Social norms can occur both in formal and informal settings that govern the behavior of members of a society.
Norms become social when they are accepted by a large number of people in a society.
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