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Market affected by event Technology improves efficiency in pasta manufacturing
Weegy: Technology improves efficiency in pasta manufacturing Pasta S (right) will increase because pasta makers will be more able to produce pasta more effeciantly so P will decrease and and Q will increase (More)
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Asked 5/16/2012 2:07:06 PM
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Define “Price Elasticity of Demand
Weegy: Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price. [ More precisely, it gives the percentage change in quantity demanded in response to a one percent change in price (holding constant all the other determinants of demand, such as income). It was devised by Alfred Marshall. ] (More)
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Updated 1/19/2014 7:11:53 AM
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Points 25 [Total 4250] Ratings 1 Comments 15 Invitations 0 Offline
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