The correct answer is 2.
Elasticity measures the sensibility of the quantity supplied or demanded when the price of the product is modified. In this example we will compute the elasticity of the supply function.
<u>The supply function is inelastic</u> in the sense than when a price increase is performed (from P1 to P2) the quantity supplied increases in a lower proportion (from Q1 to Q2). Let's prove this by calculating the percentage increase experienced by each of the two variables:
- Price: (7-4)/4 * 100% = + 75%
- Quantity supplied: (5-3)/3 * 100%= +66.66%
When there is a price increase of the 75%, the quantity supplied increases a 66.66% (<75%).
Answer:
Sovereignty
Explanation:
The ability to carry out actions or policies within their borders independently from interference either from the inside or the outside. Has the ability to do whatever they want. States exercise this.
:)
So they can regain jerusalem from the turks and crusade.
Answer:
I hope not.. But they do lie saying it is the most romatic place so...
Answer:
Explanation:
The articles did not give the congress enough power to rule the country as a whole. The congress could not charge taxes, which resulted in a lack of resources for the congress to carry out its activities. This weakened the country's dominance, which made it necessary to revise that document.
