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If the elasticity of demand is equal to one then the demand is?
Jairlizama
Unitary elasticity is when the price elasticity of demand is exactly equal to one.
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∙ 9y ago
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Is the price elasticity constant along the demand curve?
Price elasticity of demand is equal to the instantaneous slope of the demand curve, or the slope of the tangent line at any point on the demand curve. So if the demand curve is represented by a straight downward sloping line, then yes, price elasticity of demand is equal to the slope of the demand curve. Otherwise, the slope at any point on the curve is changing, and you can find the it by taking the derivative of the demand curve function, which will find the Price elasticity of demand at any single point. Thus, the Price Elasticity of Demand changes at different points on the demand curve.
When will the income elasticity of demand equal zero?
When an increase in income is not associated with a change in the demand of a good.
What are the 3 types of elasticity?
1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand
What is the difference that exists between arc elasticity of demand and point elasticity of demand?
Arch elasticity demand is the percentage change in one variable divided by the percentage change in another variable, it calculates the elasticity over a range of values, while point elasticity of demand uses differential calculus to determine the elasticity at a specific point
Distinguish between price and income elasticity of demand?
distinguish between price elasticity of demand and income elasticity of demand
Is the price elasticity constant along the demand curve?
Price elasticity of demand is equal to the instantaneous slope of the demand curve, or the slope of the tangent line at any point on the demand curve. So if the demand curve is represented by a straight downward sloping line, then yes, price elasticity of demand is equal to the slope of the demand curve. Otherwise, the slope at any point on the curve is changing, and you can find the it by taking the derivative of the demand curve function, which will find the Price elasticity of demand at any single point. Thus, the Price Elasticity of Demand changes at different points on the demand curve.
When will the income elasticity of demand equal zero?
When an increase in income is not associated with a change in the demand of a good.
What are the 3 types of elasticity?
1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand
What is the difference that exists between arc elasticity of demand and point elasticity of demand?
Arch elasticity demand is the percentage change in one variable divided by the percentage change in another variable, it calculates the elasticity over a range of values, while point elasticity of demand uses differential calculus to determine the elasticity at a specific point
Distinguish between price and income elasticity of demand?
distinguish between price elasticity of demand and income elasticity of demand
Would the concepts of cross elasticity of cross elasticity of demand and income elasticity of demand be of any interest to a pharmaceutical company?
I am at a loss for the answer please help me.
Method for measurement of Elasticity of Demand?
there are three methods of measuring elasticity of demand
Cross elasticity of demand?
In economics , the cross elasticity of demand and cross price elasticity of demand measures the responsiveness of the quantity demand of a good to a change in the price of another good.
What is Short run and long run price elasticity of demand?
is the long run elasticity of demand is ever smaller than the short run elasticity of demand.
What are the determinants of income elasticity of demand?
write a note on determinates of income elasticity of demand
How does the elasticity of demand influence the tax revenues?
Elasticity of demand influenced tax revenues
How does elasticity of demand influence tax revenue?
Elasticity of demand influenced tax revenues
