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How does quantity supplied of a good with a large elasticity of supply react to price change?
It will be very sensitive to price change. A change in the price will change the quantity supplied by a factor greater than 1. ps: Price elasticity of supply= (% change in quantity supplied)/(% change in price)
Total expenditures are determined by what?
Dividing the change in demand for the product by its change in price. e=(change in demand)%/(change in price)%
Trade within one state?
intrastate
What is the formula for price elasticity of demand?
Ed=% Change in quantity demanded/% Change in price=(Q2-Q1)/Q1/(P2-P1)/P1= P1 - Price before change P2 - Price after change Q1 - Quantity before change Q2 - Quantity after change Ed- Price elasticity of demand
What is determinants of price elasticity of demand?
The rate of change of price and the rate of change of demand as a function of price.
Is your cdl for intrastate or interstate?
If you're 21 or older, whether you drive interstate or intrastate, you ALWAYS self-identify as "interstate, non-exempted". Then, if you ever have to take a job where you do run interstate, you won't have to go back to the DMV just to change how you self-identify.
What is the antonym of interstate?
inTRAstate
What is the opposite of intrastate?
interstate - or within a state; intrastate is between states.
Is travelling from Brisbane to Sydney called intrastate or interstate?
If they are in the same state, it is intrastate. If they are in separate states, it is called interstate. Since Brisbane and Sydney are in different states, the answer to your question is "interstate".
What is the different between intrastate and interstate?
Interstates go out of state, and intrastates stay in.
What is difference between interstate and intrastate?
Interstate refers to activities or transactions that occur between two or more states, while intrastate refers to activities or transactions that occur within the boundaries of a single state. The key distinction is whether the activity crosses state lines or not.
Is a professional football team a intrastate?
interstate
How old must you be to drive intrastate and interstate?
Are you talking about for a CDL driver, or no? For a CDL driver operating a CMV, you must be at least 18 to drive intrastate, and at least 21 to drive interstate.
Interstate versus intrastate?
"Inter" means "between", "intra" means "within". Therefore, "interstate" would be between two or more states, whereas "intrastate" would be within a single state.
What do you need to do to go from an intrastate cdl to an interstate cdl?
You need to go to the DMV and identify as an interstate driver (which you should have done, even if you were driving intrastate at the time). If you were restricted to intrastate only due to age concerns, you need to get a duplicate from the DMV with the age restriction removed.
What is the difference between interstate and intrastate EMR?
EMR, or experience modification rating is broken into interstate and intrastate. Intrastate refers to EMR within one state and encompasses California, Delaware, Michigan, New Jersey and Pennsylvania. Interstate EMR refers to the states of Indiana, Massachusetts, Minnesota, New York, North Carolina, Ohio, Texas and Wisconsin.
Whats the difference of intrastate and interstate?
search it on google <-- hope i helped :D
