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Answer:
Explanation:
The concept of elastic and inelastic demand is applied.
for an elastic demand, the elasticity must be greater than 1 and for an Inelastic demand, the elasticity must be less than 1.
The steps and appropriate calculation is as shown in the attached file.
Answer:
Explanation:
Centripetal acceleration is calculated by the following equation:
Where:
is the Earth's orbital speed
is the orbital radius