What industry is purely elastic
currency exchange market
Firms are price takers, price is equal to marginal costs, demand is perfectly elastic, i.e. constant and horizontal, the firms makes zero economics profits.
will
Remains the same...
yes the demand curve is perfectly inelastic and horizontal
currency exchange market
Firms are price takers, price is equal to marginal costs, demand is perfectly elastic, i.e. constant and horizontal, the firms makes zero economics profits.
Lots of solids are elastic. Steel, for example. Another one is "elastic".
will
Remains the same...
elastic artery
elastic artery
yes the demand curve is perfectly inelastic and horizontal
Purely is the adverb form of purity.An example sentence for you is:It is purely speculation at this stage.
Elastic potential energy refers to the potential energy stored as a result of deformation of an elastic object. An example of this is a spring, which springs back before it has gained elastic potential energy. After a spring gains elastic potential energy, it will be deformed.
Elastic collision.
No, it is an elastic artery.