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What's the difference between an elastic good and an inelastic good?

An elastic good is a good that has a price elasticity of demand that is greater than one. This means that the demand for the good will change significantly if the price changes. An example of such is coke...

HK
Answered by Hana K. Economics tutor
26792 Views

What should I write about in my personal statement?

Your personal statement should, first and foremost, be about you. It has to be personal. You should discuss two areas when writing your personal statement, the first being your interest in the subject and...

EA
3487 Views

How do I know when to use the imperfect tense when talking about the past?

The imperfect tense is used for actions that: a) occurred repeatedly i.e. I used to do ballet twice a week, when I was younger. b) actions that occurred over a period of time i.e. I used to drink alcohol....

EA
Answered by Esther A. Spanish tutor
5348 Views

How do I revise for my exam?

Don’t be afraid to use all the resources. Websites like sparknotes can be really good for getting your head around the main plot of the text, but make sure you don’t use this as a substitute for actually ...

JS
Answered by James S. English tutor
2425 Views

How do I plan my answer to an essay question?

There's no clear cut way to structure an English essay, so it's important that you take a little time when approaching a new question to draw up a short plan before attempting to answer it. The important ...

JS
Answered by James S. English tutor
6789 Views

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