Price elasticity of demand is defined as how demand changes as a result of a change in price. It can be said that if a reduction in price leads to an increase in demand then demand is relatively elastic. Elasticity is usually negative. There is an alternative scenario where demand will increase as price does so too. This happens only in the case of Giffen goods‚ where elasticity is positive. The formula for price elasticity of demand is: Percentage Change in Quantity Demanded Percentage Change
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Borderline Personality Disorder‚ Narcissistic Personality Disorder and Anti-social Personality Disorder all have commonalities yet are different enough to be able to distinguish between the three. To compare these disorders‚ all three of them consist of the inability to successfully connect with and understand others emotions. People with these disorders tend to focus on themselves and make decisions based on their own good and benefits. Rarely do people with these disorders take others into consideration
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Breaking Bad or Good? A sin‚ by definition‚ is an immoral act considered to be a transgression of divine law. But when‚ if ever‚ does committing a sin become justifiable? Brady McAlpine investigates this grey area of morality. Breaking Bad is a popular American television drama created and produced by Vince Gilligan. The central character of the drama is Walter White‚ a high school chemistry teacher who is diagnosed with inoperable‚ advanced lung cancer. He has been told he does not have long
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The pub is a central part of English life and culture. Pub- going is deeply ingrained in British society and has long been renowned all over the world. Consequently ‚ recognizing the principal features of British pubs is of great importance for any foreigners to travel to the UK and achieve a deeper understanding of the Britishness. 1. The origin of British pubs Pub‚ an abbreviation of public house‚ is a place of alcohol drinking‚ friend gathering or just self-relaxing. It now can include meal serving
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Ecology #1 1- Define abiotic and biotic components of the environment. Natural environment includes all the living and non-living components occurring naturally on Earth. The biological components of the ecosystem that is the biotic components interact with the physical entities (abiotic components). The scientific study of the interaction of biotic community with each other and with abiotic components is known as Ecology. Abiotic Components The abiotic components are also known as the abiotic
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Modelling Key language features of an exposition Purpose: to identify language features of an exposition Teacher introduce the various language features of an exposition to the class. Thinking (sensing) Verbs • Teacher write the following sentence on the board “Kim ……………………… very well” • Ask students if the sentence make sence. Ask them what word they might include in the sentence so that it makes sence e.g is‚ feels‚ plays the piano • Explain that these words tell us what is going on in the
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manager should be able to handle what number of employees under him should be decided. This decision can be taken by choosing either froma wide or narrow span. There are two types of span of control:- a. Wide span of control- It is one in which a manager can supervise and control effectively a large group of persons at one time. The features of this span are:- i. Less overhead cost of supervision ii. Prompt response from the employees iii. Better communication iv. Better supervision v. Better
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Analyse the key features of Virtue Ethics Virtue ethics is a custom which goes back to Plato and Aristotle; it is also known as aretaic ethics‚ from the Greek word arête meaning excellence or virtue. There are a number of key features to virtue ethics‚ one of the most significant being that it is an agent-centered theory rather than act-centered theory. Therefore it asks the questions ‘What sort of person ought I to be?’ rather than ‘How ought I to act’. The concept does not focus on actions being
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Identify and explain two reasons for an increase in cohabitation [17] One reason is changing social attitudes. Religion regarded cohabitation as ‘living in sin’‚ but today there is less shame attached to it. Barlow et al found increasing acceptance of cohabitation. This shows that the change in religions social attitude‚ cohabitation is accepted more‚ leading to an increase in cohabitation. Some people prefer love that focuses of on intimacy‚ closeness and emotion rather than the duties of marriage
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What are the main features of hard determinism? According to The Cambridge Dictionary of Philosophy‚ hard determinism is the theory that ‘every event or state of affairs is brought about by antecedent events in accordance with universal causal laws.’ This theory of determinism is therefore supportive of human behaviour being predictable‚ that free will is an illusion and that moral responsibility is redundant. One key feature of hard determinism is the view that free will is an illusion. To elaborate
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