If a good has an elastic demand, what would be the result of a slight
price increase?

Answers

Answer 1

If a good has an elastic demand,  the result of a slight price increase will result in a significant change in the demand, which will be more than the proportional change in its price.

What is an elastic demand?

A condition when a slight change in the price of a product or a service leads to a significant change in the demand for the product, then such a product or service has an elastic demand.

Hence, the significance of elastic demand is aforementioned.

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Related Questions

Private organizations that work to change policy using lobbyists, phone calls to elected officials, and other methods are called

Answers

Answer:

interest groups

Explanation:

Isabel is a researcher at the University of Texas. Her main motivation is to expand her knowledge, not to create or invent something. She is leading a research study that is looking at how caffeine consumption impacts the brain. Isabel's form of research that aims to learn more about a phenomenon is called _______. a. the scientific method b. innovative research c. applied research d. basic research

Answers

Isabel's form of research that aims to learn more about a phenomenon is called (D) basic research.

What is basic research?The goal of basic research, also known as pure research or fundamental research, is to advance scientific theories for improved comprehension and forecasting of natural or other events.What is innovation research?Finding answers to known or occasionally undefined demands includes innovation research. There are voids or "white spaces" in the market where new goods or services could fundamentally alter how customers or companies operate while generating profits for their producers.What is applied research?The term "applied research" describes scientific inquiry and investigation that aims to address real-world issues. This kind of research is crucial in addressing issues that arise on a daily basis and frequently affect the quality of life, productivity, health, and general wellbeing. There are numerous applications for this kind of research.

Therefore, Isabel's form of research that aims to learn more about a phenomenon is called (D) basic research.

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Which vocabulary term is defined as “a decision made after considering all of the information available

Answers

The term is: Informed decision

Which detail best describes this map?

shows isolines and isobars
shows types of precipitation
was created for newspapers
is probably not used to make forecasts

Answers

Answer: It shows isolines and isobars

Explanation:

The map that is show was a map that was probably made and used by meteorologists. It is a map that that shows isobars, thus it is a map that represents the air pressures across the US and Canada. We can see the air pressure zones, some of which high, some of which low. These maps are often used when the weather information is concluded about certain areas, as the air pressure is directly connected with the temperature, and the movement of the air masses.

Shows isoclines and isobars are the best describes this map. Thus, option (a) is correct.

Meteorologists are likely the ones who created and used the shown map. It is a map that displays isobars, so it depicts the air pressures in the US and Canada.

The various air pressure areas, some of which are high and others of which are low, Since the air pressure and temperature and the movement of the air masses are strongly related, these maps are frequently employed when weather information is concluded about specific places.

As a result, the significance of the best describes this map are the aforementioned. Therefore, option (a) is correct.

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Europeans were anxious to trade with the Chinese because of the country’s valuable

Answers

Answer:

porcelain, jade, and silk

Explanation:

Jim lost his job in a car assembly factory to a robot and his skills will no longer be needed. Which terms can be used to describe jim? check all that apply.

Answers

Answer:

Redundant

Explanation:

He has has put in redundancy

What is one of the ways the atmosphere recycles gases through interactions with the biosphere?


Through the usage of nitrogen and the release of oxygen into the atmosphere from plants.
Though the process of photosynthesis
Through available sunlight release oxygen into the atmosphere.
The mineral content in the ground that plants rely on release carbon dioxide into the atmosphere.

Answers

Answer:

Through the process of photosynthesis

In this process plants take up carbon dioxide which was exhaled by living organisms and make oxygen from it in photosynthesis plants with the use of Raw material like co2, sunlight, water make o2 and release it in the atmosphere

Answer:

B. Though the process photosynthesis

Explanation:

How is over -irrigation
damaging to soil

Answers

Water logging occurs when the earth is saturated with so much water that it becomes muddy and thick. Excess water is collected below the surface in water table areas, but when they exceed, it starts to reach the oxygenated soil above.

What is irrigation?

Irrigation is the application of a controlled amount of water to land to help in crop production and landscape growth. Sprinkler, surface, drip, and manual irrigation are just a few of the many methods of irrigation available.

If soils are not managed properly, mechanized ploughing and the use of heavy agricultural equipment can result in soil compaction and erosion.

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What are examples of volatile liquid anaesthetics?

Answers

Examples of volatile liquid anaesthetic include isoflurane, desflurane, and sevoflurane and halothane

What are volatile liquid anaesthetics?

These are liquids or fluids that  make use of vaporizers to administer inhalation in patients.

The major  anaesthetics used in practise is the nitrous oxide. Other examples of volatile liquid anaesthetic include isoflurane, desflurane, and sevoflurane and halothane

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You are driving on a two-lane highway. The vehicle directly ahead of you has pulled out to pass the car ahead of them. It looks like they might not have enough room to complete the pass safely. You should A: Take your foot off the gas pedal and wait to see what happens before reacting further. B: Brake firmly and keep your vehicle in the middle of your lane. C: Immediately slow down and move closer to the right edge of the road. Look for an open area on your right, in case you must drive off the road to avoid a crash.

Answers

C) Immediately slow down and move closer to the right edge of the road. Look for an open area on your right, in case you must drive off the road to avoid a crash.

What precautions should be taken on a highway in the given scenario?

Allow adequate space for the oncoming car to position itself in front of you.

If there is enough space between you and the car you are passing on a two-lane road, you must go back to the right side of the road.

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Explain the inborn patterns of behavior that are biologically determined and not learned.

Answers

Inborn patterns of behaviour that are biologically determined rather than learned are known as: needs. instincts.

Should states continue to allow ballot initiatives and other forms of direct democracy?.

Answers

States should continue to allow ballot initiatives and other forms of direct democracy as it empowers the people to enact aws and make amendments.

What is democracy?

It should be noted that democracy simply means a system of government where the people choose their leaders.

In this case, states should continue to allow ballot initiatives and other forms of direct democracy as it empowers the people to enact aws and make amendments.

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Winston has a very negative academic self-concept because most of his classmates are more academically advanced than he is. Winston's experience best illustrates

Answers

The fact that Winston views academics in a negative light because of how his classmates are shows the relative deprivation principle.

What is the relative deprivation principle?

This tries to explain the tendency of people to try to go against something when they are not benefitting from it.

Winston is not benefitting from academics as much as his classmates and so has a negative view of it.

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_____ refer to our beliefs about what is right vs. wrong, good vs. evil, virtuous vs. corrupt.

Answers

Ethics and morals refer to our beliefs about what is right vs. wrong, good vs. evil, virtuous vs. corrupt. Read more about ethics and morals.

What are considered as standard ethics and morals?

Ethics and morals conform to “right” and “wrong” conduct. While they can be used interchangeably, they are as well different.

What are the differences in ethics and morals?

Ethics refer to rules provided by an external source, e.g., codes of conduct in workplaces or principles in religions. Moral, on the other hand, refer to an individual's own principles regarding right and wrong.

Therefore, the correct answer is as given above.

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Hawaii, alaska, maine, and vermont are the only four states to ban what?.

Answers

Answer:

billboards

Explanation:

Four states currently ban billboards: Alaska, Hawaii, Maine and Vermont. It is no accident that these four states are known for their scenic beauty. Businesspeople in these states recognize that an unmarred landscape promotes tourism and benefits them in the long run.

Linguist noam chomsky said that children are born into the world with a detect certain features and rules of language, including phonology, syntax, and semantics. a biological endowment that enables the child to

Answers

The biological endowment enables the child to detect certain features and rules of language. This is language acquisition device.

What is language?

It should be noted that language simply means the principal method of human communication.

In this case, Linguist noam chomsky said that children are born into the world with a detect certain features and rules of language

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Which government agency's authority extends beyond the juridiction of other government programs

Answers

The Federal Bureau of Investigation is the government agency's whose authority extends beyond the jurisdiction of other government programs.

What is the Federal Bureau of Investigation?

This is a government agency that investigates crimes in which a national law is broken or in which the country's security is threatened.

Hence, it is also the government agency's whose authority extends beyond the jurisdiction of other government programs.

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What characterizes those most likely to vote in the next election?.

Answers

Citizens generally choose to vote for candidates who present consistent proposals and demonstrate competence.

Why is it important to vote?

Voting is an essential instrument for a democracy, where individuals have the power to choose political representatives most aligned with their needs and rights.

Therefore, voting should be encouraged in all spheres of society, because through it, individuals participate in the process of making important decisions for the development of society.

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what are the problems that may arise by carrying out sustainable development​

Answers

Answer:The main challenges to sustainable development which are global in character include poverty and exclusion, unemployment, climate change, conflict and humanitarian aid, building peaceful and inclusive societies, building strong institutions of governance, and supporting the rule of law.

Explanation:

answer

Answer:

climate change, energy consumption, waste production, threats to public health, poverty, social exclusion, management of natural resources, loss of biodiversity, and land use.

Cancun, mexico, is home to the largest museum of what?.

Answers

Answer:

world's largest underwater sculpture museum

Explanation:

If you want to checkout the new museum at Cancun, Mexico, you will have to don snorkel gear and take dive under the sea, for it's the world's largest underwater sculpture museum

What does the rapid change of constitution in Nepal indicate? Write analytical comments.​

Answers

Transitional periods are always challenging and time-consuming, and due to the then-entrenched ruler's interests, no precise constitution would aid the nation, in the long run, For this reason, periodic amendments are made to the nation's constitution.

What significance does revising the Constitution have?

The option of modifying the Constitution made it more likely to be ratified, despite the fact that many people were concerned the federal government it established would strip them of their liberties.

Main components of the Nepali Constitution:

Internalization of the people's right to self-government, autonomy, and territorial integrity while preserving Nepal's freedom, sovereignty, unity, independence, and dignity.

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While hiking through the Ural Mountains, Asia decided to use a walking stick to facilitate her climb.

The best definition of the word that is underlined in the sentence above is __________.

Answers

Answer:

b

Explanation:

the best definition of the word that is in the sentence above is b

A desire to pursue high standards and significant accomplishments is indicative of

Answers

People's personal desire to pursue high standards and significant accomplishments is an indicative of achievement motivation.

What is an achievement motivation?

This refers to the personal need for excellence and accomplishment not minding the rewards it may offered after the achievement has been met.

Hence, the People's personal desire to pursue high standards and significant accomplishments is an indicative of achievement motivation.

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Draft a constitution of your own school including rules, regulations of the school, rights and duties of students and amendments to be done etc. (any 5 each)

Answers

To draft a constitution of your own school, you must think about the needs of students and employees, creating a safe and ethical environment.

What is the importance of ethics in a school?

Through policies and procedures that promote ethical behavior, it is possible to create an environment where students develop more cognitively and socially, in addition to developing empathy and respect for diversity.

Therefore, you can think of school rules and constitution based on values that promote ethics, diversity and learning.

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the statement, "eating less spinach is associated with a shorter life span" is an example of:

Answers

A correlation is described in the statement that states "eating less spinach is associated with a shorter life span".

What is a correlation?

This is a technique that identifies variables and as well looks for the relationship between them.

Because of this, a correlation is illustrated in the statement that states "eating less spinach is associated with a shorter life span".

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Why do we need to take decision? Write in your own words.​

Answers

Explanation:

make proper plan.

think positively.

at first get some information before making decision.

Answer:

Taking a decision is part of life, though out everything you become part of in this life a decision will be needed in order to determine where your life lies on what you are doing. So it is very important to make decisions about your self before life decide on you because if you do not make a decision life will.

What factors determine a population's size and structure?

Answers

Answer:

birth rate, death rate, emigration, and immigration.

Explanation:

The population growth rate is the pace at which a population changes in size over time. A positive growth rate indicates that the population is growing. A negative growth rate indicates that it is diminishing. The birth and death rates are the two most important elements influencing population increase. People joining the population from elsewhere, or leaving the population for another location, may also have an impact on population increase.

What does it mean when your mirror is facing your bed?.

Answers

Answer:

promotes intrusion of a third party into the couple's relationship and possibly encourage infidelity.

what is the need and importance of technically skilled hunan and good governance in nepal? write in a paragraph. ​

Answers

Answer:

People should feel that all workers are equal and valuable. Development of a country is possible only when all the people use their knowledge and skill and work honestly, creatively, and efficient. The government should make a long-term plan to prepare skilled human power. This is the age of science and technology.

Researchers believe that taijin kyofusho has been shaped by:

Answers

Researchers believe that taijin kyofusho has been shaped by: cultural factors.

What are cultural factors?

These are the factors that are used to encompass the beliefs and the values of a given set of people.

The cultural beliefs of a group of people has to do  with their way of life and what has shaped them as a people.

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