Answer:
2 to the 1st power is the answer.
Answer:
The situation that best illustrates an effect of the law of demand is, for example, that a theater sells more popcorn after it lowers the price of popcorn, so the quantity demanded increases as a result of a decrease in price.
- The population being all iPhone 4 users is True
- The 2% denote the sample statistic.
<h3>Sample statistic</h3>
This refers to the figures which are computed through the available data for
an item. Examples include:
The population being all iphone 4 user is true because it is the item that has
the data provided and is being talked
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Answer:
A. The population of deer will have to find a new habitat.
Explanation:
Since ecosystem has had their fundamental source of food disrupted, inhabitants will have to move to find a new place to reside in.
The matching of the demand as relatively elastic or relatively inelastic can be done as;
- Klaus' demand for orange juice (Relatively elastic)
- Amanda's annual demand for coffee(Relatively elastic)
- Jackson's demand for mystery novels(Relatively inelastic)
- Hermy's demand for Minute Maid orange juice(Relatively inelastic)
- Olivia's daily demand for Starbucks latte(Relatively inelastic)
- Stephen spends a very little part of his income on soda(Relatively elastic)
- Xavier's demand for his economics textbook(Relatively inelastic)
<h3>What is Elasticity of demand?</h3>
Elasticity of demand can be regarded as the variation on the concept of demand.
It should be noted that elastic demand involves change in quantity demanded as a result of change in price.
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