0

Subjects>Business>Economics

Demand is said to be elastic if?

Anonymous

∙ 13y ago

Updated: 4/28/2022

buyers do not respond much to changes in the price of the good.

Wiki User

∙ 13y ago

What else can I help you with?

Continue Learning about Economics

Demand and its types?

Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.

Is fruit elastic or inelastic demand?

elastic

What is demand said to be when the percent change in price is equal to the percent change in quantity demanded?

Unit elastic

Is it true that the demand curve is elastic in this region?

Yes, the demand curve is elastic in this region.

Different degrees of elasticity of demand?

Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.

Related Questions

When a firm's marginal revenue is zero what can be said about the elasticity of demand for the output of the firm A. Demand is inelastic. B. Demand is elastic. C. Demand is unit elastic.?

Demand is unit elastic.

Demand and its types?

Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.

When demand is elastic?

The demand is elastic when the price is low. So people will buy more good so that it's demand will become more elastic. Moreover ,the demand is elastic when there are some new inventions.

Is fruit elastic or inelastic demand?

elastic

What is demand said to be when the percent change in price is equal to the percent change in quantity demanded?

Unit elastic

When the percent change in price is greater than the percent change in quantity demanded demand is said to?

Elastic

Difference between elastic and inelastic demand?

difference between elastic and inelastic demand

Is it true that the demand curve is elastic in this region?

Yes, the demand curve is elastic in this region.

Different degrees of elasticity of demand?

Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.

What are the types of price elasticity of demand?

there are five types.1).perfect elastic demand,2)perfect inelastic demand,3).relatively elastic demand,4).relatively inelastic demand4).unity elastic demand

Demand for wine is elastic or inelastic?

Highly elastic.

When the percent change in price is equal to the percent change in quantity demanded then demand is said to be?

When the percentage change in price is equal to the percentage change in quantity demanded then demand is said to be unit elastic. There are 3 kinds of price elasticity of demand.

Trending Questions

How much would 14 pound in 1982 be worth today? What are the causes of market competition? What is the difference between a purchaser and a provider? What is the social and economic impact of the spread of Christianity? What are the 5 major imports and exports? What are the right of individuals to control productive resources? How much are consecutive serial number 2 dollar bills worth? Which is true regarding income patterns in America? A curve or loop in a river? How do we improve corporate social responsibility? What a person intends after intends or plans to do? How much money in monopoly do you get at the stsrt? What are Voting Common stocks for Indiana Agricultural Cooperative Act worth? Write short notes on economies of scale and diseconomoies of scale? How much money is printed each day in the US? How much money will you get out of a 1782 coin? What are New England's economic activities? In making decisions to plan for hazards what must be considered in addition to the cost and benefits? What does market strategy mean as a price policy? What describes the purpose of using cost-benefit analysis?

Resources

Top Categories

Product

Company

Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.