What is the main difference between the law of demand and the price elasticity of demand?
Please provide the best answer for the statement.
The law of demand tells you that quantity demanded will increase as price falls, or conversely, that quantity demanded will decrease as price rises. So, the law of demand says there is an inverse relationship between price and quantity demanded. By contrast, the price elasticity of demand tells you “how much” quantity demanded changes when price changes. It shows the responsiveness of a change in quantity demanded to a change in price.
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Anita is the retired president of Claddagh College and currently serves on the board of directors of the Patrician Pharmaceutical Company. Anita is considered ________ of the company
A) a silent partner B) an outside director C) a managing director D) an inside director
Refer to the figure above. Imports for this country equal
A) OA units of Z. B) AB units of Z. C) AC units of Y. D) AD units of Y.