The elasticity of rocks refers to their ability to deform and return to their original shape when subjected to stress. This property is crucial in understanding how rocks respond to forces such as tectonic movements or pressure changes. Elasticity is quantified by parameters such as Young's modulus, which measures the stiffness of the material. Generally, the elasticity of rocks varies with their composition, temperature, and the presence of fluids within their pores.
price elasticity income elasticity cross elasticity promotional elasticity
The elasticity of demand refers to how sensitive the demand for a good is to changes in other economic variables. The different types are: price elasticity, income elasticity, cross elasticity and advertisement elasticity.
Gum has elasticity.
1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand
No, there is no elasticity in cotton at all
To calculate the quantity demanded when the elasticity is given, you can use the formula: Quantity Demanded (Elasticity / (1 Elasticity)) (Price / Price Elasticity). This formula helps determine the change in quantity demanded based on the given elasticity and price.
What do economists call elasticity?
what are the applications on elasticity
Unitary elasticity is when the price elasticity of demand is exactly equal to one.
in oligopoly what is the nature of price elasticity
Importance of elasticity in economics
Elasticity is a physical property.