Answer:
inelastic / positive
Explanation:
Elasticity is a measure of the sensitivity of demand to price changes. We say that a demand is elastic when a slight variation in price is sufficient to impact the demand for a good or service. On the contrary, we say that demand is inelastic when price changes do not significantly change demand for the good. . To calculate the price elasticity of demand, a formula is used that divides the observed change in quantity (Q) by the change in price (P). Elasticity = ▲ Q / ▲ P.
When the change in quantity is smaller proportionally than the change in price, as described in the question, we say that demand is inelastic - little sensitive to changes in price. Conversely, if the change in demand is greater in proportion to the change in price, demand is considered elastic.
The coefficient of elasticity will depend on the size of the change in price and quantity. When the change in quantity (▲ Q) is less than the change in price (▲ Q), we have a positive coefficient.
Recalling that the rate of change is the decrease between the values of two periods divided by the value of period 1.
For example, let Q1 and P1 be the demand quantity and the price in period 1 and Q2e P2 the demand quantity and the price in period 2:
P1 = 11
P2 = 16
Q1 = 10
Q2 = 12
▲ Q = (Q2-Q1) / Q1 = (10-12) / 10 = -2/5 = -0.2
▲ P = (P2-P1) / P1 = (16-11) / 16 = -5/16 = -0.31
Since the calculation of elasticity is ▲ Q / ▲ P = -0.2 / -0.31 = +0.64
By the elementary operation of mathematics, two negative numbers being divided result in a positive result.
Answer:
The seller owe the buyer amounts to $384.25 at the closing
Explanation:
The amount to which the seller owe to the buyer at the closing is computed as:
= Number of days × Amount of taxes per day
= 165 × $2.3288
= $384.25
Working Note:
Number of days = January 1 - June 15
= 165 days
Amount of taxes per day = Annual taxes / Number of days in the year
= $850 / 365
= $2.3288 per day
(Jan. 1 - June 14 = 165 days. $850 / 365 = $2.3288 per day tax liability.165 days x $2.3288 = $384.25)
Answer:
Answer:
I realized that sports is my thing, although I'm not that athletic. I always have a blast whenever I'm engaging in sports. I also like watching it on television.
I fell in love with sports because exercise is good for our health. Engaging in sports also help improve my mood and boost my energy.
#BrainliestBunch
Answer:
20,000
Explanation:
that's the answer thank you and stay safe and take care!!!
Answer:
The correct answer is C
Explanation:
Specialty retailer is the kind of retailer whose focus is on a particular categories of the product like office supplies or women's clothing.
So, in this case, David decided to host a party of Pampered Chef and he could purchase the items of the Pampered Chef at a discount and even the free items as he is hosting a party. So, Pampered Chef will be classified as the specialty retailer.
