Question
______ is defined as the ratio of percentage change in
the quantity demanded of a good caused by a percentage change in price.Solution
1.Ā Ā Ā Ā Price Elasticity: The concept of price elasticity measures how responsive the quantity demanded or supplied of a good is to changes in its price. Elastic demand or supply means that quantity significantly changes in response to price changes, while inelastic demand or supply means quantity changes only slightly in response to price changes.Ā Ā Elasticity = (% Change in Quantity demande)/(% change in price)
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Three types of patents areĀ
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According to the botanical classification cashew belongs to which family among the following:
Markers related to variations in chromosome morphology are
The āsialā layer of the crust is rich in:
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In a comprehensive study assessing the impact of chemicals on organisms, which term refers to the concentration of a toxicant in the surrounding environ...
In furrow irrigation, which factor mainly influences the uniform distribution of water?
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