Answer:
PeD = 0
Explanation:
Price elasticity of demand is the responsiveness of quantity demanded when there is a change in price. An elastic demand means that when price changes the quantity demanded changes by more than the proportionate change in price. measured as
Ped = % change in Quantity demanded / % Change in Price
An elasticity value of between 0 and 1 is regarded as inelastic demand as quantity changes by less than the proportionate change in price.
Value of 1 is considered unitary elastic as an equal proportionate change occurs.
Greater than 1 is elastic demand where the change is more than proportionate.
When there is absolutely no change the demand is perfectly inelastic and the demand curve is vertical. This yields a value of 0 as there is no observed change in quantity demanded given a change in price.
Hope that helps.
Answer:People's Republic of China
Democratic People's Republic of Korea (North Korea)
Socialist Republic of Vietnam
Lao People's Democratic Republic (Laos)
Republic of Cuba
Explanation:
B it’s right ok bc Ik the answer
<span>Mr. King performs the service of painting his own house instead of paying someone else to do it. This activity is excluded in GDP.
</span><span>GDP stands for Gross Domestic Product.
</span>It measures the market value of all final goods and services produced in a country during a given time period . In other words GDP <span>measures an economy's performance. If Mr. King pays someone to paint his house, then it will be included in the GDP.</span>
