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Rubber Band and spring is an examples of elasticity materials
1) Point elasticity is measured by the ratio of the lower segment of the curve below the given point to uppa segment the super part of the curve above the point. 2) Arc elasticity is measured by the use of mid point between the old & the new figures in the case of both prine and qualitiy demonded.
The point elasticity of supply is a measure of the rate of response of quantity demand due to a price change. The higher the elasticity, the more sensitive the sellers are to these changes.
The economic implications of elasticity for demand measure of an economic agent are positive. Elasticity helps measure the response of one economic variable when there is change seen in another variable. Economic agents use elasticity as a way to understand the impact of economic action that has been undertaken.
The answer is Price Elasticity of Demand tool.
A. C. Ugural has written: 'Advanced mechanics of materials and elasticity' -- subject(s): Strength of materials, Materials, Elasticity, Mechanical properties 'Advanced strength and applied elasticity' -- subject(s): Strength of materials, Elasticity, Materials
Rubber
It is an approximate measure of elasticity.It is an approximate measure of elasticity.It is an approximate measure of elasticity.It is an approximate measure of elasticity.
Youngs Modulus
Rubber Band and spring is an examples of elasticity materials
Young's modulus
1) Point elasticity is measured by the ratio of the lower segment of the curve below the given point to uppa segment the super part of the curve above the point. 2) Arc elasticity is measured by the use of mid point between the old & the new figures in the case of both prine and qualitiy demonded.
The point elasticity of supply is a measure of the rate of response of quantity demand due to a price change. The higher the elasticity, the more sensitive the sellers are to these changes.
The economic implications of elasticity for demand measure of an economic agent are positive. Elasticity helps measure the response of one economic variable when there is change seen in another variable. Economic agents use elasticity as a way to understand the impact of economic action that has been undertaken.
steel cables, rubber bands, springs and lycra clothes
The ability to be stretched is referred to as elasticity. It describes the property of materials to return to their original shape and size after being stretched or deformed. Materials like rubber and certain types of metals exhibit high elasticity.
Cross elasticity in economics, also referred to as cross-price elasticity is used to measure the changes of the demand of a certain commodity to the price changes of another good.