The bay area subway system, Bart, offers senior citizens discounted fares for Bart rides. this suggests that Bart authorities believe that senior citizens have a more price elastic demand for subway rides.
The price elasticity of demand is the ratio of the rate of change in quantity demanded of a product to the rate of change in price. Economists use it to understand how supply and demand change when the price of a product changes.
Durable goods are an example of a product with elastic demand. These are items that are rarely bought, such as washing machines and cars, and can be moved if prices increase. For example, car discounts have been very successful in increasing car sales through lower prices.
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Market economies operate on the principle of supply and demand.
A. True
Answer:
Imaginary audience.
Explanation:
Although you tried to help, he was inconsolable. Your nephew was experiencing what David Elkind regarded as<em> the imaginary audience</em>. David Elkind proposed this psychological term to refer to the feelings that adolescents experience. Adolescents feel that they are under constant surveillance of family, and peers. This is the reason why this adolescent is inconsolable.
Explanation:
empathy is term we use for ability to understand other people feeling as if we werw having them our selves and sympathy refer the to the ability to take part in someone else's feeling...
According to constitution, whenever there is a conflict between laws, <span>Federal law shall predominate state law.
In order to maintain the structural obligation between each states in United States, a central regulation (from the federal government) is needed to create some sort of regulatory standard for the states.</span>
