Answer: sorry the correct answer is $8,000
Explanation:400,000 x .2% =$8.000 debit to the buyer
B. Where did you finally find your missing book ?
The graph suggestion about green tea is that Green tea is inelastic in terms of supply and The supply of green tea does not change sharply with the price.
- In economics, when a commodity is inelastic, The supply or demand is not that moved (sharply or sensitive) to changes in the price of that commodity (price of green tea)
Conclusively, we can therefore say that the graph suggestion about green tea is that Green tea is inelastic in terms of supply and The supply of green tea does not change sharply with the price.
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