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2 years ago

When the price of fresh fish increases 5%, quantity demanded decreases 10%. The price elasticity of demand for fresh fish is.

SAT

1 answer:

vlada-n [284]2 years ago

5 0

If the price increases 5% and the quantity demanded decreases 10% the product is inelastic.

<h3>What is price elasticity?</h3>

Price elasticity occurs if the demand for a product varies when the product increases/decreases its price.

<h3>How is price elasticity in the product described?</h3>

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

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Answer:

The correct answer is option B

Explanation:

"National Parks Service". The federal agency National

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3 years ago

Read the following scene from the inheritors. Fred jordan's cell. Slowly, at the end left unchalked, as for a door, she goes in.

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<h3>What are stage directions?</h3>

They are instructions.
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The stage directions shown in the text above show how actors should move through stage directions. This is shown in detail and specifies that it can be missed if the scene is watched and not read.

More information on stage directions is at the link:

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2 years ago

Butterflies usually are identified by the colors and patterns on their wings. Butterflies have four wings: the two wings near th

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<h3>What are the species of butterflies?</h3>

Butterflies usually are identified by the colors and patterns shown on their wings. However, for us to identify an organism using a dichotomous key, we must compare the traits of the organism to the first pair of descriptive statements on the key as follows;

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2 years ago

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Answer:

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Explanation:

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3 years ago

Read 2 more answers