As a result of the demand increasing only slightly compared to the reduction in price, the demand must be <u>inelastic</u>.
<h3>Why is the demand inelastic?</h3><h3 />
The demand is considered to be inelastic if the price elasticity is less than 1.
The price elasticity is:
= (%Change in quantity/% Change in price)
Solving gives:
= 15 / 200 ÷ 0.50 / 3.50
= -0.525
In conclusion, the demand for the shakes is inelastic.
Find out more on inelastic demand at brainly.com/question/1899986.
The correct option is C). banks do not influence the supply of money.
<h3>What is 100-percent-reserve banking?</h3>
100-percent-reserve banking, is a system of banking, in which banks only lend from time deposits instead of lending demand deposits.
In a system with 100 percent reserve banking, banks cannot make the loans and do not influence the supply of the money.
This system is also known as full-reserve banking.
Learn more about the 100-percent-reserve banking here:-
brainly.com/question/7295577
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Answer:
c
Explanation:
I thinks it's c because when you deal with stress, you can't do a lot of other things
Answer:
The break-even point measured in sales dollars is $8