It should be noted that a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
<h3>How to explain the demand?</h3>
It should be noted that an elastic demand is one werr the change in quantity demanded due to a change in price is large.
Also, an inelastic demand is one in which the change in quantity demanded due to a change in price is small. When the formula creates an absolute value greater than 1, the demand is elastic.
Here, a good that has a high demand elasticity for an economic variable implies that consumer demand for that good is more responsive to changes in the variable.
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Answer:
The answer is 0.23
Step-by-step explanation:
Hope this helps.
Pls tell me if Im not correct.
Answer: What was the question?
Step-by-step explanation: Was it when did I drink the most juice?
You are correct
12.2^2 x 3.14 x 6.1 = 2850.9
