Physics, 07.12.2020 16:50 hcoulter15

A video store owner noticed a 5% drop in rentals of DVDs after raising her prices 10%. Are DVD rentals elastic, inelastic, or unit elastic?

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Answer from: Nibiskadhungana

Inelastic

Explanation:

The price elasticity of demand is the degree of responsiveness of demand for a product or service to a unit change in price. The demand for a product is said to be elastic when a change in price has a relatively large effect on the demand for the product, unitary when there is a percentage change in price brings about an equal percentage change in the demand for the product, and inelastic when a change in the price of a product brings about a smaller change in the demand for the product.

In the case of the DVD rentals, a 10% increase in price brought about only a 5% drop in demand. Hence, the demand for DVD rentals is said to be inelastic because a change in the price brought about a smaller change in the demand for DVD rentals.

Answer from: Quest

Acetic acid /əˈsiːtɪk/, systematically named ethanoic acid /ˌɛθəˈnoʊɪk/, is a colourless liquid organic compound with the chemical formula ch3cooh (also written as ch3co2h or c2h4o2). when undiluted, it is sometimes called glacial acetic acid. vinegar is no less than 4% acetic acid by volume, making acetic acid the main component of vinegar apart from water. acetic acid has a distinctive sour taste and pungent smell. in addition to household vinegar, it is mainly produced as a precursor to polyvinyl acetate and cellulose acetate. it is classified as a weak acid since it only partially dissociates in solution, but concentrated acetic acid is corrosive and can attack the skin.acetic acidnamespreferred iupac nameacetic acidsystematic iupac nameethanoic acidother namesvinegar (when dilute); hydrogen acetate; methanecarboxylic acid[1][2]identifierscas number64-19-7 3d model (jsmol)interactive image3dmetb00009 reference506007chebichebi: 15366 chemblchembl539 chemspider171 drugbankdb03166 echa infocard100.000.528ec number200-580-7e numbere260 (preservatives)gmelin reference1380iuphar/bps1058keggd00010 meshacetic+acidpubchem cid176rtecs numberaf1225000uniiq40q9n063p un number2789inchiinchi=1s/c2h4o2/c1-2(3)4/h1h3,(h,3,4) key: qtbsbxvteameqo-uhfffaoysa-n smilescc(o)=o

Answer from: Quest

Sorry i don’t know what to do

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