Refer to the table below. If the price of your good is $200, the price of the related good is $75, and the average income of consumers is $15,000, what is the point elasticity of demand?
The demand for your product demands on three factors; the price of your good, the price of a related good, and the average income of your customers. Excel estimated the above linear demand for your product.
A) 0.78
B) 1.62
C) 0.15
D) 0.38
D) 0.38
You might also like to view...
Archaeologists study cultural patterns through human:
A) speech. B) material remains. C) fossils. D) thought. E) meanings.
When a society has a men's house where women are excluded, it is adhering to the concept of:
A) sexual egalitarianism. B) patriarchy. C) sex segregation. D) gender ideology. E) gender stratification.
Codons are triplets of mRNA bases that code for specific amino acids during protein synthesis
a. True b. False Indicate whether the statement is true or false
Describe some of the ways in which social order is maintained in band and tribal societies.
What will be an ideal response?