Answer:
b. a 20% decrease in the price of foreign travel will increase the quantity demanded by 80%.
Explanation:
A price elascitiy of 4 means demand is elastic. Price elasticity greater than 1 indicates demand is elastic.
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Elastic demand is when a change in price leads to a change in quantity demanded.
If price increases and demand is price elastic, the quantity demanded falls.
If price falls and demand is price elastic, the quantity demanded rises.
If price elasticity is 4, 20% decrease in the price of foreign travel will increase the quantity demanded by 80%.
Inelastic demand is when price elasticitiy is less than 1.
I hope my answer helps you
Answer:
Correct option is A.
<u>The lawyer should make a motion for summary judgement</u>
Explanation:
A movement for rundown judgement is Sled offer the disclosure procedure attesting that no truthful debates exist and that if the appointed authority applied the law to the undisputed realities, her solitary sensible choice would be agreeable to the moving party.
Answer:
C. No, they must also meet the requirements in Answers A and B. In addition, the corporation must furnish a surety bond in the amount of $25,000.00, or more, based upon yearly average trust fund obligations
Explanation:
Answer:
The correct answer is letter "B": less; perfect competition.
Explanation:
Typically, <em>more output is produced in perfect competition markets than in markets ruled by price discrimination</em>. Consumer surplus is greater at the same time. Group price discrimination transfers the company some of the competitive consumer surpluses as an additional profit and causes the loss of deadweight due to reduced production.
Answer:
The correct answer is b. Technology development.
Explanation:
Technological development is defined as the systematic use of knowledge and research directed towards the production of materials, devices, systems or methods including the design, development, improvement of prototypes, processes, products, services or organizational models.
Starting from the fact that technological knowledge is essentially composed of technical information, know-how, inventions, guides, manuals, procedures, among other intangible elements, before which, intellectual property comes to play a decisive role in the protection and management of These elements of an intangible nature, and therefore, knowledge-generating institutions such as universities, increasingly resort to intellectual property to understand what kind of intangible intellectual property assets exist in their technology, how to manage them during the transfer process, and of course having the necessary control to be able to monetize them, that is, to obtain profit through their exploitation.
