variable
Elasticity varies along a straight-line demand curve by being different at different points. At the top of the curve, elasticity is more elastic, meaning small changes in price lead to larger changes in quantity demanded. At the bottom of the curve, elasticity is less elastic, meaning changes in price have less impact on quantity demanded.
It changes when the market demand and or market supply changes.
In an inelastic graph, price changes have a small impact on quantity demanded, while in an elastic graph, price changes have a significant impact on quantity demanded.
Laws of Supply and Demand explain and predict changes in the price and quantity of goods sold.
Inversely with its price.
Elasticity varies along a straight-line demand curve by being different at different points. At the top of the curve, elasticity is more elastic, meaning small changes in price lead to larger changes in quantity demanded. At the bottom of the curve, elasticity is less elastic, meaning changes in price have less impact on quantity demanded.
It changes when the market demand and or market supply changes.
In an inelastic graph, price changes have a small impact on quantity demanded, while in an elastic graph, price changes have a significant impact on quantity demanded.
one quantity varies directly as the square of the other quantity. in symbols, y = kx squared
They take the place of an unknown quantity. They can change values, thus they are called variables, their quantity varies.
The capacity varies: there is no standard quantity.
Feedback in general is the process in which changing one quantity changes a second quantity, and the change in the second quantity in turn changes the first.Positive feedback amplifies the change in the first quantity while negative feedback reduces it.....
A variable
Acceleration
Laws of Supply and Demand explain and predict changes in the price and quantity of goods sold.
Inversely with its price.
Heat