If the price elasticity of demand is inelastic, it means the quantity demanded changes by a relatively
Question:
If the price elasticity of demand is inelastic, it means the quantity demanded changes by a relatively _________ amount than the price change.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Economics: Elasticity Explain shortly. Please do correctly and take your time. There is a written question at the bottom. There are total thirty one MC and one written. 1. What is the effect on total...
-
25) What is measured by the price elasticity of supply? A) The price elasticity of supply measures how responsive producers are to changes in the price of other goods. B) The price elasticity of...
-
Use the table below to answer the following questions: Microeconomic Problems 1. Given the simple demand schedule information in the table above, calculate the coefficient of price elasticity of...
-
Use the accompanying graph of y = f(x). Does exist? If it does, what is it? lim f(x)
-
In hen egg white lysozyme (Section 11-4), the substitution of Ala for Asn at position 37 or for Trp at position 62 may alter the enzyme's kinetics. What changes would you predict and why?
-
Supercavitation is a propulsion technology for undersea vehicles that can greatly increase their speed. It occurs above approximately 50 meters per second, when pressure drops sufficiently to allow...
-
1. Using weekly price data (constructedWednesday toWednesday), compute historical annual volatilities for IBM, Xerox, and the S&P 500 index for 1991 through 2004. Annualize your answer by multiplying...
-
You are a manager at Glass Inc.a mirror and window supplier. Recently, you conducted a study of the production process for your single- side encapsulated window. The results from the study are...
-
BE8.3 (LO 1) Record the following transactions on the books of Hernan Ltd., which uses a perpetual inventory system. Hernan's expected rate of return on sales is 4%. a. Sold $26,000 of merchandise on...
-
A demand curve or a portion of a demand curve can be relatively _________, _________, or relatively _________.
-
If the price elasticity of demand is elastic, it means the quantity demanded changes by a relatively _________ amount than the price change.
-
What are the most common types of trust funds?
-
What is the formula for Bouley's coefficient of skewness?
-
What is the relation between orthocentre,circumcentre and centroid of a triangle?
-
When do we use Fourier transforms and Laplace transforms in RC/RL/RLC circuit analysis?
-
What are the protocols used in a drone?
-
How do we design a drone?
-
A telephone survey to determine viewer response to a new television show obtained the following data. Rating Frequency Poor 4 Below average 8 Average .. 11 Above average .. 14 Excellent .. 13 a....
-
Write an essay describing the differing approaches of nursing leaders and managers to issues in practice. To complete this assignment, do the following: 1. Select an issue from the following list:...
-
As a long-term investment at the beginning of the 2018 fiscal year, Florists International purchased 25% of Nursery Supplies Inc.'s 18 million shares for $66 million. The fair value and book value of...
-
Javier is currently paying $1,200 in interest on his credit cards annually. If, instead of paying interest, he saved this amount every year, how much would he accumulate in a tax-deferred account...
-
Your company is considering the purchase of a fleet of cars for $195,000. It can borrow at 6%. The cars will be used for four years. At the end of four years they will be worthless. You call a...
Study smarter with the SolutionInn App