inelastic demand
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.
inelastic demand
Unit elastic
If price changes have a little effect on the quantity of a product demanded, the product is said to have inelastic demand. This means that consumers continue to purchase relatively the same amount of the product despite fluctuations in price. Common examples include necessities such as medication or basic food items, where demand remains stable regardless of price changes.
Gold is said to be noble metal because it is unreactive and does not react with either oxygen or water.
because the white folks, (English, Columbus all they wanted was gold and eventually the native Americans ran out of gold, and said that they didn't have anymore. but the English demanded more and the native Americans couldn't give them anymore. so the English started to kill more native Americans
I think so. I've demanded a refund, and he said "I'll refund this today". It has been more than two weeks, so I'm initiating a chargeback through my bank. :(
inelastic demand
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.
Because it was said that Gold was found by the Carson River. So, many people rushed to Nevada to get their share of the Gold
inelastic demand
in equilibrium
because raiz said so
The Jewish mob demanded Pontius Pilate to crucify Jesus. they also said that if you release Jesus then you are not Ceasers friend.
Unit elastic
Elastic