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storchak
2 months ago
15

If the elasticity of demand for a microwave oven is 1.5, this means....

Social Studies
1 answer:
Mashutka [1.5K]2 months ago
6 0

Response:

C. a 5% reduction in price results in a 7.5% rise in quantity demanded

Clarification:

To arrive at this conclusion, we utilize the price elasticity of demand equation

Price elasticity = %change in quantity demanded/% change in price

Next, we substitute the relevant values into the equation

1.5 = 7.5% / 5%

This confirms that the proper answer is C as dividing 7.5 by 5 yields a value of 1.5.

An elasticity value of 1.5 indicates that the product is fairly elastic: implying the quantity demanded will adjust more significantly than the price. This is evident in the current scenario: quantity demanded increased by 7.5%, while the price only decreased by 5%.

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tia_tia [1578]

Answer:

Both the Republican and Democratic Parties share a consensus on the necessity of enhancing national fuel efficiency. Their platforms also converge on the importance of achieving energy independence and tapping into domestic natural resources. Additionally, they advocate for the exploration of alternative energy sources like wind and solar. The differences between their approaches are minimal. I concur with both parties that the current moment calls for careful management of our energy production.

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Explanation:

answered: tayler1911

Both the Republican and Democratic Parties share a consensus on the necessity of enhancing national fuel efficiency. Their platforms also converge on the importance of achieving energy independence and tapping into domestic natural resources. Additionally, they advocate for the exploration of alternative energy sources like wind and solar. The differences between their approaches are minimal. I concur with both parties that the current moment calls for careful management of our energy production.

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4 0
2 months ago
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The Supreme Court is more likely to consider reviewing a case if _____.
tigry1 [1605]
The Supreme Court is more inclined to review a case when B. it involves a constitutional question. If a case has already been resolved in a lower court, it doesn’t usually reach a higher court. However, if the matter remains unresolved and needs a higher level of authority to discuss, such as a <span>constitutional question, it is then considered by the Supreme Court.</span>
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1 month ago
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Brutus raised concerns about the elements of the Constitution that proposed moving from a confederation to a federal system. Eva
Mashutka [1540]

Response:

Brutus served as a prominent figure for Anti-federalism during the late 18th century.

He contended that a genuinely free republic was unfit for the United States due to its vast expanse. He referred to the historical examples of Greek and Roman republics, which turned tyrannical as they expanded.

Brutus emphasized that for a republic to be truly free, it must originate from the populace rather than being mediated by representatives. He pointed out that, given the substantial population of the United States, citizens might have limited knowledge about the qualities of their representatives in the Federal Assembly.

Additionally, he addressed the concerns surrounding legislative authority within a federal framework. This was due to the potential for the Supreme Court to selectively interpret the Constitution to align with its objectives. He referenced Britain to illustrate how this could lead to a government that could be reshaped into various forms, which he deemed undesirable.

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2 months ago
what features common to all civilizations can you identify in the civilizations of Africa and the Americas? what distinguishing
Alexandra [1496]

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1 month ago
Guillermo spends some time each day applying the principles of structuralism to examine his own conscious experience as carefull
tia_tia [1578]

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