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When a demand of a commodity remains constant even after a big change in its price then demand is known as?
Inelastic
What are the assumptions of cardinal utility approach?
Primarily cardinal utility approach has 5 assumptions. 1 rationality: the consumer is rational about his spending. 2 cardinal utility: the utility/satisfaction can be measured in cardinal NOs like 10, 8, 15, 20etc 3 constancy of money: The money of consumer must remain constant. 4 diminishing marginal utility: Marginal/additional utility of consumer decreases along with successive use of any commodity. 5 total utility: Total utility depends on quantity of commodity. 3
What factors are covered under ceteris paribus relation to demand of commodity?
Thing covered under CETERIS PARIBUS in relation to demand of commodity are-1. Habits, tastes and fashions remain constant.2. Income of the consumer does not change.3. Prices of related goods remain constant.4. Number of buyers remain constant.5. The commodity is a normal good and has no prestige or status value.6. People do not expect changes in the price.7. Price is independent and quantity demanded is dependent.
How can I effectively address and reduce the constant whining behavior of my 1-year-old child?
Consistently respond to your child's needs, set clear boundaries, and provide positive reinforcement for good behavior. Redirect their attention, offer comfort, and avoid giving in to whining. Stay patient and consistent in your approach to help reduce the whining behavior over time.
What is the significance of the real gas constant in the study of gas behavior?
The real gas constant is significant in the study of gas behavior because it accounts for the deviations from ideal gas behavior that occur at high pressures and low temperatures. This constant helps to more accurately predict the behavior of real gases under various conditions, improving the accuracy of gas law calculations.
What is the meaning of hyperactive?
Having behavior characterized by constant overactivity
What is the definition of constant temperature and how does it relate to the behavior of matter?
Constant temperature refers to a condition where the temperature of a system remains the same over time. In relation to the behavior of matter, when a system is at a constant temperature, the average kinetic energy of the particles in the system remains constant. This means that the particles move at a consistent speed and do not gain or lose energy, leading to stable and predictable behavior of the matter.
What is the phase constant and how does it relate to the behavior of a wave?
The phase constant is a measure of the position of a wave at a specific point in time. It determines the starting point of a wave and how it evolves over time. The phase constant affects the amplitude and frequency of a wave, influencing its behavior and characteristics.
When will happen if the sellers in the market increase?
As the Number of Sellers Increases, the Supply of the commodity Increases. As Supply Increases, and demand remains constant, Prices Decrease.
How does the concept of mu being not constant impact the behavior of the system?
When mu is not constant, it can affect how the system behaves. Changes in mu can lead to fluctuations in the system's stability and performance, causing variations in its overall behavior.
A sentence with the word constant?
Example sentence - His constant inability to give his children a consequence for their bad behavior led to the demise of our relationship.
What is the magnetic constant value and how does it impact the behavior of magnetic fields?
The magnetic constant value, also known as the permeability of free space, is a physical constant denoted by . It represents the ability of a material to support the formation of magnetic fields. A higher value of the magnetic constant means that the material can support stronger magnetic fields. This constant impacts the behavior of magnetic fields by influencing their strength and how they interact with other magnetic fields or materials.
