This relationship described between the price and the quantity demanded is known as the <u>Price Elasticity of Demand (PED). </u>
<h3>What is the Price Elasticity of Demand?</h3>
- It is a measure that shows the relationship between the price of a good and the quantity demanded of it.
- Shows how sensitive quantity demanded is to a change in price.
When the PED is less than 1, it means that a change in price doesn't affect the quantity demanded as much. When it is more than 1, a change in price will lead to an even higher change in quantity demanded.
In conclusion, this is the Price Elasticity of Demand.
Find out more on PED at brainly.com/question/9235198.
Yes, you should. Especially if it’s for a test or a grade.
Explanation:
The preparation of the selling and administrative expenses budget for the month of July is presented below:
Selling and administrative expenses Budget
For the month of July
Budgeted Sales unit 2,900 units (A)
Variable selling and administrative expenses per unit $3.90 (B)
Budgeted variable expenses $11,310 (C) = A × B
Budgeted fixed selling and administrative expense $30,340
Total budgeted selling and administrative expenses $41,650
Less: depreciation - $3,610
Cash disbursement for selling and administrative expenses $38,040
Answer:
The average velocity of the car was zero because the displacement was zero.
Explanation:
Average velocity is the rate of change of displacement with time. Mathematically, it is calculated as follows;
where;
x₁ is the initial position or starting point of the car
x₂ is the final position or finishing point of the car
t₁ is the initial time = 0
t₂ is the final time = 2 hours
The average velocity can be zero if the initial position of the car is equal to its final position. In this condition, the displacement of the car is zero.
Therefore, the average velocity was zero because the displacement was zero.
Answer: No, because State A requires mutuality of parties in order for issue preclusion to apply
Explanation:
According to the information given, the federal court cannot grant the partial summary judgment motion. The reason for this is because State A requires mutuality of parties in order for issue preclusion to apply.
Under 28 U.S.C. § 1738, it's required for the federal court to give full faith and credit to the state court judgments. Therefore, in this scenario, if a subsequent action in the state is barred by the state-court judgment, then it can be deduced that it acts to bar a subsequent action in the federal court too.
