Answer:
It would be B because these politicians would improve the roads and the means of transportation
Answer:
Total revenue rises immedately after the fare increase, since demand over the immediate period is price Inelastic.
Explanation:
Elasticity in the price demand measures the porcentage in the change of the quantity demanded as a response to a change in the price. If the elasticity is more than 0 but less than 1 it means that the price demand is inelastic. So when the price is rised the quantity demand will decrease in a minor porcentage than the rise in the price so it will represent a bigger revenue.
Answer:
C. Provided goods or services to a customer.
Explanation:
Book keeping is the act of recording financial transactions of a business on a day to day basis. The purpose is to keep concise and up-to-date record of the financial transactions.
Book keeping helps in analyzing finances, assist in planning and aids better decision making.
When revenue is recorded relating to a customer's transaction, it means that the company involved has provided goods or services to a customer. The recorded transaction is a proof of services provided and evidence that the transaction passed through the company's records.
Answer: Linkedln is an example of an app, yes.
Explanation:
The price elasticity of supply for a good is 3 if a 1% decrease in price leads to a 3% decrease in quantity supplied.
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The measure of the response that a supply for goods and services shows after the modification of prices refers to the Price elasticity. When the price of any goods or services increases there will be a rise in the supply of goods and services. When the prices of any goods or services decreases then the supply of those goods and services will also decrease.
Price elasticity also measures the demand that a product or services has based on the modification of the price. When the product tends to be affected by the price changes it is said to be elastic. When it is not responding to the prices of the product the n these are said to be inelastic. In the given example the price elasticity of the supply of a good is said to be 3% and if a 1% decrease in price leads to a 3% decrease in quantity supplied.
