Answer:
C. Fall, 30%, Rise
Explanation:
- Price Elasticity of Demand is responsive change in demand, due to change in price.
P.Ed = % change in demand / % change in price.
Given : Price rise by 50% , P.Ed = 0.6
So, % change in demand = P.ed x % change in price
% change in demand = 0.6 (50)
% change in demand = 30%
Law of demand states negative relationship between price & demand, so P.ed is negative. Price rise 50% reduces demand by 30%.
- P.Ed can be : Elastic ( > 1 ), or Inelastic ( < 1 ). If P.Ed is Elastic, price & total revenue are inversely related. If P.Ed is Inelastic, price & total revenue are directly related.
So, Given PEd = 0.6 (i.e < 1 ) : Inelastic Demand implies price & total revenue are directly related related to each other. So, price fall lead to TR fall & price rise lead to TR rise.
Answer:
Connecting the world over time
Explanation:
Is the process of interaction of businesses and exchanges worldwide.
Based on the question provided above, there are no choices
provided and I have found a similar question that has its choices which are;
-
Use only complex sentences
-
Correct run-on sentences
-
Correct fragments
-
Use only simple sentences
-
Reduce sentence lengths
With the given choices, the correct answers are the
following;
-
Correct run-on sentences – run on sentences
should be corrected in order for the faulty sentences to be improved and revise
as they contain two or more main clause or independent clause in which are
being joined without any word to correct them and by this, it makes the readers
confused.
-
Correct fragments – fragments should be
corrected as these are sentences that are incomplete that makes the content of
an information to lose its value as the information is incomplete.
-
Reduce sentence lengths – it is best to reduce
sentence lengths so that the readers won’t find the reading material boring to
read at and in the same time, make it more easy and attractive to read
Answer:
Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet the requirements of customers or corporations.
Answer:
The labor would increase
Explanation:
When the government decides to lower the income tax in the coming year, which is financed by the findings of a large as well as a previously unknown warehouse for real goods, then there would be an increase in the labor as the reduction in the income tax would cause more and more investment. And thus organizations and firms increase their efficiencies and create more and more output by increasing the labor.
