Answer:
E_s = 0.9
It's inelastic
Explanation:
Formula for elasticity of supply is;
E_s = % change in quantity supplied/% change in price
The percentage will cancel out so, we are left with;
E_s = change in quantity supplied/ change in price
Change in quantity supplied = (200 - 100)/((200 + 100)/2) = 3/5
Price for 100 buckets = 100 × 80 =$8000
Price for 200 buckets = 200 × 80 = $16000
Change in price = (16000 - 8000)/((8000 + 16000)/2) = 2/3
Thus:
E_s = (3/5) ÷ (2/3)
E_s = 0.9
Now, this price elasticity supply value is less than 1. Thus, it can be categorized as being inelastic.
You may possess elements of more than one learning style is a true statement. When organizing your learning strategies you can combine many tactics in order to be successful in your results. You can learn in many ways at the same time if you find it helpful for proceeding of development of your abilities and skills.
Answer:
When small vendors from all around meet up at a certain location to sell goods sometimes weekly and sometimes annually (Farmers Market) Nucleated Settlement. A compact closely packed settlement sharply demarcated from adjoining farmland.
Explanation:
Answer is from quizlet
Answer: The numbers are 3/2. and 9/10
Explanation:
3 divided by 2 equals 1.5 and 9 divided by 10 equals 0.9
1.5 minus 0.9 = 0.6
