It should be noted that a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
<h3>How to explain the demand?</h3>
It should be noted that an elastic demand is one werr the change in quantity demanded due to a change in price is large.
Also, an inelastic demand is one in which the change in quantity demanded due to a change in price is small. When the formula creates an absolute value greater than 1, the demand is elastic.
Here, a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
Learn more about demand on:
brainly.com/question/1245771
#SPJ1
Answer:
Line M would also have a slope of 2/3.
Step-by-step explanation:
When two line are parallel that means that they will never intersect.
In order for two lines to avoid intersection they would have to be at the same slope.
Since lines K and line M are parallel to each other they have to have the same slope.
I’m not 100% sure this is correct, because I’ve never done these before, but try 12, this is the answer I got from a reliable app that I usually use
Answer:
3/4
Step-by-step explanation:
A: students present
B: students on time
P(all students present and on time) = P(A and B) = 3/10
P(all students present) = P(A) = 2/5
P(A and B) = P(A).P(B|A) where P(B|A) is the probability of everyone being on time given that everyone is present
So P(B|A) = P(A and B) /P(A) = 3/10 ÷ 2/5 = 3/10 * 5/2 = 15/20 which can be reduced to 3/4 by dividing numerator and denominator by 5
∡1 = 180° - 30°
<h2><u>∡1 = 150°</u></h2>
