Myra Worthington, CEO of CompuGlobal Corporation, complains that the company's software products have a high price elasticity of demand. What is Myra saying?ec

Price elasticity of demand is an economic measure of the change in the quantity demanded or purchased of a product in relation to its price change. Expressed mathematically, it is:

Price Elasticity of Demand = % Change in Quantity Demanded / % Change in Price

Price elasticity is used by economists to understand how supply or demand changes given changes in price to understand the workings of the real economy. For instance, some goods are very inelastic, that is, their prices do not change very much given changes in supply or demand, for example people need to buy gasoline to get to work or travel around the world, and so if oil prices rise, people will likely still buy just the same amount of gas. On the other hand, certain goods are very elastic, their price moves cause substantial changes in its demand or its supply

    racial conflict and discrimination has existed ever since man learned to kill with rocks and bones. these conflicts arose from disputes between territory, power, wealth, religion, or simple difference. some of the most infamous racial disputes include slavery, the holocaust, and the civil rights movement.

    these listed disputes often resulted in casualties from all sides. riots, wars, imprisonment, and lynching are all commonly associated with racial conflict on severe levels.

      however, racism is an improving issue in recent decades. people are being more accepting and welcoming of diverse populations. though, the world isn't perfect and it will take much more time, if ever, until the world is rid of racism.