For the answer to the question above, I believe the answer is<u><em> yes they do.</em></u>
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To better understand how geospatial technologies assist governments and NGOs (non-governmental agencies), we must know what geospatial technologies are. This refers to the tools that contribute to the geographic mapping and analysis of the Earth and human societies. This allows us to collect data regarding the changes of the phenomena of land. By analyzing this data, it will provide benefits by creating a plan to face famine, unexplained diseases and other natural occurrences.
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<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%
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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.
