Questions

M=P(1+i)^n

I=M-P

A Telephone or an Alarm...

Crime connected with illegal alcohol production and sale became a major issue so that even many people who had originally supported Prohibition decided that it needed to be repealed.

If the percent change in quantity demanded is less than the percent change in price, economists label the demand for the good as inelastic.

A good that is inelastic does not have very stretchy demand. In economic terms, the quantity demanded does not change a lot when the price changes.

So, if the price of a good increases by 10 percent and the quantity demanded decreases by only 5 percent or less than 10, that good is said to have inelastic demand.

Hence, in this case, consumers are not considered very sensitive, or responsive, to a change in the price of that good.

Sometimes the solid particles in a liquid are very small and can pass through a filter paper. For such particles, the filtration technique cannot be used for separation. Such mixtures are separated by centrifugation.