Answer:
$7.5
Greater
Explanation:
Price elasticity of demand = percentage change in quantity demanded/ percentage change in price
0.2 = 10%/ percentage change in price
percentage change in quantity demanded = 50% = 0.5
0.5 = (New price - $5) / $5
New price = (5 × 0.5) + 5 = $7.5
In the short run, demand is relatively inelastic because consumers need time to find suitable substitutes but in the long run, demand is usually more elastic.
I hope my answer helps you
Answer:
An industrial organizational psychologist
Explanation:
Industrial-organizational psychologists are using psychological concepts and techniques of study to address business challenges and improving the quality of life. They are studying efficiency and managerial staff in the work environment, and working designs for employees.
They get a look for a firm or institution's cohesion and character.And they are working with executives to help coordinate strategies, perform assessments so practice sessions, and establish a future plan.
Answer:
The money you pay in taxes goes to many places. In addition to paying the salaries of government workers, your tax dollars also help to support common resources, such as police and firefighters. Tax money helps to ensure the roads you travel on are safe and well-maintained. Taxes fund public libraries and parks.
