0
What else can I help you with?
Explain what is meant by Price Elasticity of Demand?
there are broadly classified into five types 1. Perfect price elasticity of demand 2. Perfect price in-elasticity of demand 3. Relative price elasticity of demand 4. Relative price in-elasticity of demand 5. Unity price elasticity of demand
1 What is meant by cross elasticity?
Cross elasticity of demand measures the responsiveness of the quantity demanded for one good to a change in the price of another good. It is calculated as the percentage change in quantity demanded of Good A divided by the percentage change in price of Good B. A positive cross elasticity indicates that the goods are substitutes, while a negative cross elasticity suggests they are complements. This concept helps businesses understand how changes in pricing strategies can affect demand for related products.
Is coal elastic or inelastic?
There are 2 different types price elasticity of demand and price elasticity of supply. If you meant to ask is demand for coal price elastic on inelastic, answer is yes, it is price inelastic. The demand for coal, is unlikely to drop much even if the price of it increases, it can be said that it is a 'necessity'. Since the quantity demanded decreases less than proportionate than the increase in price, it is said to be price inelastic.
What is new and replacement demand?
If the purchase or acquisition of an item is meant as an addition to stock, it is new demand. It the purchase of an item is meant for maintaining the old stock of capital/ asset intact, it is replacement demand.
What is meant by derived demand and how does this demand characteristic impact freight demand?
Derived demand is the demand to transport goods or services to location depend on demand to consume a goods or services to location. Freight of product is derived from the customer demand of product.
What is meant by concept of elasticity of demand?
The degree of responsiveness of change in demand as a result of change in its price is known as elasticity of demand. I mathematical language we can say that; Elasticity of demand = %age change in Quantity Demanded DIVIDED BY %age change in the Price.
Explain what is meant by Price Elasticity of Demand?
there are broadly classified into five types 1. Perfect price elasticity of demand 2. Perfect price in-elasticity of demand 3. Relative price elasticity of demand 4. Relative price in-elasticity of demand 5. Unity price elasticity of demand
What is meant by demand?
what is meant by demand ?
Is coal elastic or inelastic?
There are 2 different types price elasticity of demand and price elasticity of supply. If you meant to ask is demand for coal price elastic on inelastic, answer is yes, it is price inelastic. The demand for coal, is unlikely to drop much even if the price of it increases, it can be said that it is a 'necessity'. Since the quantity demanded decreases less than proportionate than the increase in price, it is said to be price inelastic.
Explain what is meant by feedback in terms of acquiring skill?
Explain what is meant by feedback
What s meant by income inequality.distinguish between personal and functional distribution of income.?
What is meant by income inequality? Distinguish between personal and functional distribution of income.
What is meant by zafeer?
demand
What is meant by rasputeennet?
demand
What is meant by flexlibility?
demand
What is meant by the term dementia?
Explain what is meant by the term 'dementia.'
In game of volleyball explain what is meant by a 5-1 setting system and explain why it could be successful?
explain what is meant by a 5-1 setting system and explain whyn it could be successful
Explain what is meant by the fetch-execute cycle and describe its action in RLT?
Explain what is meant by the fetch-execute cycle and describe its action in RLT?" Explain what is meant by the fetch-execute cycle and describe its action in RLT?"
