If the price increases 5% and the quantity demanded decreases 10% the product is inelastic.
Price elasticity occurs if the demand for a product varies when the product increases/decreases its price.
A product is classified as inelastic if the demand does not change or only changes slightly when there is a change in the price.
This occurs with fish because 5% is a very low percentage and this shows the demand is not changing because the price increased.
Learn more about price in: brainly.com/question/18117910
Answer:
9/35
Explanation:
the number of stamps?
hope this helps :)
Hours Wages = $7.5 / Hour
Since we do not know the tips , let us assume it is x
Carmen Worked 24 hours
Total amount she earned = (24*7.5) + x = 250
180 + x = 250
x = 250-180 = 70
Carmen should earn tips more than $ 70 in 24 hours in order her to receive more than $250 in that week
Answer:C
