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Answer:
A - elastic since many other fast food items could be considered close substitutes.
Explanation:
The price elasticity of demand is how much the demand of the Big Macs will change due to a 1% change in price. Should the elasticity be greater than 1, the Big Macs will be elastic. Should it be less than 1, the Big Macs are inelastic.
Demand elasticity is calculated as the percentage change in quantity demanded divided by a percentage change in price.
Since Big Macs are (i) a luxury good, and (ii) have close substitutes (other burgers available at McDonalds and other fast food stores), we will say their elasticity is greater than 1.
This means that the demand of Big Macs will change due to a 1% increase in price due to the presence of close substitutes.
Answer:Frequency = 3.525 Hertz
Explanation:In static equilibrium, kd =mg
Where k= effective spring constant of the spring.
mg= The weight of the car.
d= static deflection.
Therefore, w =SQRTg/d
w = SQRT 9.81/0.02
w= 22.15 rad/sec
Converting to Hertz unit for frequency
1 rad/s = 0.1591
22.15rad/s=?
22.15 × 0.1591= 3.525 hertz
The definition for nebula is : A cloud of gas and dust in outer space, visible in the night sky either as an indistinct bright patch or as a dark silhouette against other luminous matter.
