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.
Answer: Economic importance Over 94,000 vessels pass through the strait each year (2008) making it the busiest strait in the world, carrying about 25% of the world's traded goods, including oil, Chinese manufactured products, coal, palm oil, and Indonesian coffee.
Explanation:
The Speaker decides which bills will be assigned to which committees. This is one way he or she can use party leadership to influence members of their party in Congress. If a wayward member is sponsoring a bill, the Speaker may assign that bill to a committee where the bill is likely to get an unfavorable reception and be killed. Conversely, the Speaker can assign the bill to a safe committee where the bill will receive a favorable reception in exchange for the sponsor’s party loyalty.
Smiling .. just makes people happier because smiling is a happy thin so u can start thinking happy and then it makes you happier ?? Idk that’s a guess
In 1989, Japan's Hideaki Tomoyori recited 40,000 digits. The current Guinness World Record is held by Lu Chao of China, who, in 2005, recited 67,890 digits of pi.
