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Answer:
Gasoline expenses will increase in the short term
Explanation:
Price elasticity of demand is a measure of demand sensitivity in the face of price changes. When elasticity is less than 1, we say that demand is inelastic (little sensitive to price changes). In contrast, when elasticity is greater than 1, we say that demand is elastic (price sensitive).
In this case, gasoline has an inelastic demand in the short term. Thus, price increases can occur without decreasing the quantity demanded. As oil has risen, international costs will be passed on to gasoline. Thus, gasoline expenses will be higher, as the price will be higher and the quantity demanded will be maintained.
Answer:
do it have a answer choice
Explanation:
Answer:
Theory of mind
Explanation:
The term 'theory of mind' was originated by David Premack, a US psychologist in the famous article Premack and Woodruff 1978 which reported experiments carried out on the chimpanzee, Sarah
Thectheoru of mind explains ones ability to explore mental states such as emotions and beliefs of his own and others and attribute to certain factors or causes. it essentially has to do with thinking about thinking.
Libertarianism is the belief that markets should be completely free of any governmental interference, and led by supply and demand. In short, capital should circulate and people buy things and sell things according to what the society needs with absolute freedom in producing and selling. Libertarians believe that people should do what they want and a high emphasis is put on human will. This means that determinism and compatibilism go against it since they focus heavily on things that are beyond our reach and grasp. This goes well with indeterminism which believes that people are not defined by causes from previous issues but rather make their own decisions. Use this as a basis for your essay and expand the ideas to make a full 5 paragraph essay.