0
Add your answer:
Earn +20 pts
If the elasticity of demand is equal to one then the demand is?
Unitary elasticity is when the price elasticity of demand is exactly equal to one.
What are the determinants of income elasticity of supply?
there is no income elasticity of supply...
What is the price elasticity in a oligopoly?
in oligopoly what is the nature of price elasticity
What factor has the greatest influence on elasticity and in elasticity of supply?
time
How is elasticity of supply related to elasticity of demand?
Elasticity of demand measures how consumers react to a change in price, while elasticity of supply measures how firms will react to change in price
Is elasticity constant or do different objects have different elasticities?
Elasticity depends upon the material of an object but also on environmental things such as pressure, temperature and humidity. You can try this yourself by taking two identical elastic bands and putting one on a heater for a while. You will notice a difference in elasticity!
In economics what are the types of elasticity?
price elasticity income elasticity cross elasticity promotional elasticity
What are different types of 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.
What is the properties of matter of elasticity?
elasticity
What items have elasticity?
Gum has elasticity.
What are the 3 types of elasticity?
1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand
Is elasticity in cotton?
No, there is no elasticity in cotton at all
How elasticity of a medium affects the speed at which sound travels?
Yes elasticity affects it. It is increasing with the elasticity.
What are the applications of elasticity in daily life?
what are the applications on elasticity
Is elasticity is the inability of a substance to stretch?
Elasticity can not and will not strecth
What do economists call elasticity?
What do economists call elasticity?
Application of elasticity in physics?
practical applications of elasticity
