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Explain why the demand for food is relatively price inelastic

Food is a nessecity, there will always be demand for food. There are no substitutes and therefore, a change in price will not cause a change in demand. Thus the market is relatively price inelastic with a...

Answered by Daniel B. • Economics tutor

11424 Views

Bob has £500 and gives 70% to Edmund and 40% of what is left to George. Work out how much money each person has.

Follow the order of the question- take 70% of £500 = 7 times 10% of £500 = 7x£50 = £350.

Therefore Edmund has £350.

Bob now has £500-£350=£150. This needs to be split between Bob and George...

Answered by Daniel B. • Maths tutor

1739 Views

What is development?

Development can be defined as a process of economic and social advancement in terms of quality of human life. It can be measured in terms of culture, wealth, education, healthcare, opportunities and can ...

Answered by Emily B. • Geography tutor

101095 Views

What transformations occur when turning limestone to quicklime then to slaked lime?

Calcium carbonate (limestone) is decomposed in order to form calcium oxide (quicklime) and carbon dioxide. The quicklime is then treated with water in order to give calcium hydroxide (slaked lime).

Answered by Sabina F. • Chemistry tutor

2687 Views