<em>The correct answer is: 2. </em>Green tea is inelastic in terms of supply.
The elasticity of the supply of a product measures the variation experienced by the quantities of products supplied by the producers before variations in certain factors of production. In our case, the established factor is the market price of the goods to be produced (green tea), and is called the price elasticity of the offer.
The price elasticity of the supply of a product is calculated as the quotient between the differences in the quantity offered to the market by the producers and the differences in the market price of that product.
In this case, the price elasticity of green tea is 67%. The calculation is done as follows:
<em> E (%) = (S2-S1) / (P2-P1) = (5-3) / (7-4) = 2/3 = 67%
</em>
As this value is less than unity, it is said that the green tea is Inelastic in terms of supplies with respect to the market price.
This means that before increases in the price the quantities supplied by the producers increase in a smaller proportion.
Answer:
Breaking laws you feel are wrong - Counterculture
Adopting a popular hairstyle trend- Mainstream
Sharing a communal farm with many other people- Counterculture
Building a fence around your house to keep out strangers- Mainstream
Explanation:
The correct answer is "B".
A US saving bond is a debt security in which you are "lending" money to the US government in exchange for an expected return plus interest. It is one of the safest forms of saving, due to the fact the US government has never defaulted on its debt obligations and it also generates more interest than storing your money in a savings account.
Answer:
Reality and Illusion in Hamlet Shakespeare's play, Hamlet, ... Reality and Illusion in Shakespeare's Hamlet - Reality, Appearance and Deception ... of the unnatural, which drives the action of the play and develops in the protagonist ... Resounding with the original through its intertextual allusion, yet maintaining
Explanation:
Hi! :)
Answer:
- “From the jingling and the tinkling of the bells”
- “How they clang, and clash, and roar”
