unsure
Suppliers supply more of the goods as and when prices of that commodity increases.
Elasticity of supply refers to the responsiveness of guantity supplied of a commodity to changes in its own price. And the formulafor measuring elasticity of supply percentagechange in quantity supplied/ %change in price
It will be very sensitive to price change. A change in the price will change the quantity supplied by a factor greater than 1. ps: Price elasticity of supply= (% change in quantity supplied)/(% change in price)
Demand for a good can be elastic at a low price but inelastic at a high price. YouRE VERY WULCOM novanet ANSWER =)
There are two general limitations:Inefficient resource distribution: surplus and shortage; The economic planners are unlikely able to accurately predict future supply and demand. Without market forces to adjust demand and supply you will likely end up with inefficiencies in production as a resut of surpluses for goods not wanted and shortages of goods which were desired.Suppression of economic democracy and self-management. Market forces allow entrepreneur and business to react quickly to market forces and ensure that there are less shortages and surpluses.
Bulls react to erratic movements of objects, not their color.
before reaction = reactants after reaction = products
medicines, electronic components, composite materials in aircraft and polymers
Reactants react together to form products.
No. The substances that react together are the reactants. The new substances produced by the reaction are the products.
Mercury doesn't react with plastic materials.
glass and liquid crystals that react to pressure
They form other compounds (the products).
They give products when they are brought together and react.
salts
They boycotted british products
When a halocarbon reacts with a base, the products are an alcohol and salt.