PAAS
The formula for computing elasticity of demand is: (Q1 - Q2) / (Q1 + Q2) ------------------------------ (P1 - P2) / (P1 + P2)
Demand is a flow concept because our willingness and ability to buy is subjected to a timeperiod. At different times, we may have different demand schedules.
The concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.
The price elasticity of demand should be negative. This is because the relationship between demand and price, according to the law of demand, is negative.
Is Need,want,demand
It means it is Unitary elastic.
Marshal borrowed the concept of forces of demand and supply. This is a concept that had been established by Smith and Ricardo.
boobs
it is what elasticity of demand
Cloud computing is the delivery of computing as a service rather than a product, software, and information are provided to computers and other devices as a in to multiple virtual machines at run-time to meet the changing work demand.
Paw m. Swiji
Needs,Wants and demand