Here is the answer that best completes the statement above. According to the given text, when you are thinking about your "academic anatomy", this preference is a way to get a handle on what you feel satisfying and fulfilling. Hope this helps.
Answer:
Option (b) is correct.
Explanation:
Given that,
Initial price of good A = $50
Initial quantity demanded of good A = 500 units
New price of good A = $70
New quantity demanded of good A = 400 units
Average quantity demanded:
= (New + Initial) ÷ 2
= (400 + 500) ÷ 2
= 450 units
Change in quantity demanded:
= New - Initial
= 400 units - 500 units
= -100 units
Average price level:
= (New + Initial) ÷ 2
= (70 + 50) ÷ 2
= $60
Change in price level:
= New - Initial
= $70 - $50
= $20
Therefore, the price elasticity of demand for good A is as follows:
= ![\frac{\frac{Change\ in\ quantity\ demanded}{Average\ quantity\ demanded} }{\frac{Change\ in\ price}{Average\ price\ level} }](https://tex.z-dn.net/?f=%5Cfrac%7B%5Cfrac%7BChange%5C%20in%5C%20quantity%5C%20demanded%7D%7BAverage%5C%20quantity%5C%20demanded%7D%20%7D%7B%5Cfrac%7BChange%5C%20in%5C%20price%7D%7BAverage%5C%20price%5C%20level%7D%20%7D)
= ![\frac{\frac{-100}{450} }{\frac{20}{60} }](https://tex.z-dn.net/?f=%5Cfrac%7B%5Cfrac%7B-100%7D%7B450%7D%20%7D%7B%5Cfrac%7B20%7D%7B60%7D%20%7D)
= ![\frac{-0.22}{0.33}](https://tex.z-dn.net/?f=%5Cfrac%7B-0.22%7D%7B0.33%7D)
= -0.67
Total revenue before price increase:
= quantity demanded of good A × price of good A
= 500 units × $50
= $25,000
Total revenue after price increase:
= quantity demanded of good A × price of good A
= 400 units × $70
= $28,000
Therefore, there is an increase in total revenue with increase in the price level.
Based on communication strategy, the skill that is considered the cornerstone of effective communication is known as "<u>Listening</u>."
This is because effective listening forms the foundation of effective communication.
With effective listening, a recipient or responder would make the proper reply or response to the sender.
Without proper listening, arguments may arise in the communication process, or difficulty in understanding may occur among parties to a specific communication process.
Hence, in this case, it is concluded that the correct answer is "<u>Listening</u>."
Learn more here: brainly.com/question/19511035