The demand for ski rentals falls when the price of lift tickets increases. This is an example of Price Elasticity of demand.
<h3>What Is Price Elasticity Demand?</h3>
This refers to the relationship between the price of a commodity relative to the demand of that same commodity.
In other words Price elasticity of demand is a measure of how sensitive the quantity demanded is to its price.
When the price increase, quantity demanded for such product decreases. It is important to note that the fall in prices of some product is more than the others.
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Answer:
Continuous random variable
Explanation:
Continuous random variable is the one of the random variable which is defined as where the data could take infinitely many values for the variable.
For example, the random variable evaluates the time taken for doing something which is to be done or performed on continuous basis as there are infinite number of the possible times could be taken or consider.
So, in this case, the experiment comprise of evaluating the automobile speeds on the highway. Under this experiment, it have the infinite number. Therefore, this a continuous random variable
Answer: A. Product placement
For example, when a character drinks a brand of soda, then this is a product placement. Ideally it should be subtle but sometimes it's very obvious.
B. demand and supply both decrease, leaving price essentially unchanged.
Jake has changed the SOCIAL PSYCHOLOGICAL CONTEXT.
Context refers to the environment in which communication take place. There are four types of context, which are: cultural, temporal, physical and social psychological context.
Social psychological context refers to the formality or informality of the situation depending on the relationship between the two people that are communicating.<span />
