Change in Quantity = (12‚000 – 8‚000)/8‚000 = 0.5 x 100% = 50% Percentage change in price = ($150 - $120) / $120 = 0.25 x 100% = 25% Price elasticity = 50% / 25% = 2% b. Elastic‚ because when the price rises the quantity goes down‚ and also when the price goes down the quantity goes up. 2. a. P1 E1 Q1 b. P2 E2 P1 E1 Q1 Q2 Expl : Because of lower taxation
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the Caribbean islands‚ decolonization‚ economic modernization and the globalization of tourism. When most of the islands became independent from foreign rule they needed to build up a working economy. Some of the bigger more resource rich island nations started to produce and export goods but many of the smaller island states did not have this opportunity. When tourism started to grow‚ both types of islands benefitted a lot from it‚ but it was the most important for the smaller islands that had basically
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Millions of people entered the US in the late 1800’s‚ but how? Ellis Island was the one and only provider for immigration in the late 1800’s. At first‚ the Battery in lower Manhattan was the immigration station. Eventually‚ the Battery could not handle the flow of immigrants. This caused the federal government to buy Ellis Island from Samuel Ellis‚ a merchant of New York City‚ and that’s how the Islands name was given. Ellis Island was opened on January 1‚ 1892 and closed in November 1954. It was the
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it was when I was 8 that my parents took the decision to move to India‚ so that I could experience and be a part of the culture that they felt was essential for my upbringing. On moving to India‚ I had to live with my aged grandmother. Being extremely traditional‚ she insisted on eating on the floor‚ having a bath in the verandah and playing traditional games. Often I would be forced to play endless games of ludo with her. Many a times it would be impossible for me to call friends over owing to
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| | X | 4. | I answer for others in a group | | X | | 5. | When I say ‘I’m angry’ I smile | | x | | 6. | I apologise for conditions (eg weather) outside my control | X | | | 7. | I keep control of my emotions | | X | | 8. | I do not forgive mistakes easily | | | X | 9. | I make mistakes sometimes | | x | | 10. | When questioned I often say‚ ‘nothing‚ just thinking’ | x | | | 11. | Conversation gets going when I join a group | | X | | 12. | Others say I am a good
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My Island Escape Ever since I was a little kid I knew where I always dreamed of living. My dream home would be more than I could ever imagine. It would be on a bright and warm island. With the white sand all around me‚ bright from the glistening of the sun‚ to the feel of the breeze blowing up to the shore and the sound of the beautiful aqua blue waves. As I walk up to the house all I imagine to see is a big porch overlooking the island. I see a two story house with maybe 3 bedrooms or so‚ not
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Final Paper This paper examines the exclusionary rule. Explains the reasons for the origin of the exclusionary rule. The paper contends that use of the exclusionary rule has enabled guilty criminals to go free and that its original intention has been so distorted that it no longer fulfills its intended function and is instead a tool for protecting the rights of criminals Not only how it came about but‚ the true meaning as well as the exceptions. There are also a number of cases mentioned throughout
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The Law of 4: You Are the 67 If you have seen the movie Shutter Island‚ you will notice that topic is according to scrip in this film. Andrew Laeddis was a soldier who joined the World War Two and killed Germany prisoners of war in death camp. Then he became a U.S. Marshal in Boston‚ and became alcoholics and ignored his suicidal-wife. Her wife burned their apartment then drowning their three kids in the back yard. Andrew killed his wife to “set her free” and burned their house. According to
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Golden Rule vs. The Platinum Rule Perspectives‚ expectations‚ and experiences of different people about the golden rule and the platinum rule changed my own way of thinking. The knowledge given to me made me rethink my beliefs but it also made me confused of which is the best rule that should be followed by all. To drive away my confusion‚ I listed down the good and the bad things about both rules. The Golden Rule “Do unto others what you want others do unto you.” The golden rule does
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we are entrusted with the task of promoting every aspect of the child’s development. All children are vulnerable. They have little power over their lives and few skills for protecting and caring for themselves. Caregivers who work with children have a special and important role—one in which they have the power to do great good or‚ in some unfortunate cases‚ great harm. The particular status of children as human beings who need special protection and nurturing is recognised in documents such
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