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To determine elasticity on a graph, you can look at the slope of the curve. If the curve is steep, it indicates inelasticity, while a flatter curve suggests elasticity. Additionally, the price elasticity of demand can be calculated by dividing the percentage change in quantity demanded by the percentage change in price.
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Elasticity of Demand and Supply with graph?
buang ka
What is the difference that exists between arc elasticity of demand and point elasticity of demand?
Arch elasticity demand is the percentage change in one variable divided by the percentage change in another variable, it calculates the elasticity over a range of values, while point elasticity of demand uses differential calculus to determine the elasticity at a specific point
How can one determine opportunity cost from a graph?
To determine opportunity cost from a graph, you can look at the slope of the graph. The opportunity cost is represented by the ratio of the units of one good that must be given up to produce more units of another good. The steeper the slope of the graph, the higher the opportunity cost.
What does a unitary elastic graph represent in terms of price elasticity of demand?
A unitary elastic graph represents a price elasticity of demand of 1, indicating that a change in price leads to an equal percentage change in quantity demanded.
How can one determine the elasticity of demand from a demand function?
To determine the elasticity of demand from a demand function, you can use the formula: elasticity of demand ( change in quantity demanded) / ( change in price). This formula helps measure how responsive the quantity demanded is to changes in price. A higher elasticity value indicates a more sensitive demand, while a lower value indicates less sensitivity.
How can one learn how to read a PES graph effectively?
To effectively read a PES (Price Elasticity of Supply) graph, one must understand that the slope of the curve indicates the elasticity of supply. A steeper curve represents inelastic supply, while a flatter curve represents elastic supply. Additionally, interpreting the numerical values on the graph can help determine the responsiveness of supply to changes in price. Practice and familiarity with economic concepts can improve one's ability to read and interpret PES graphs accurately.
How can one determine the wavelength from a graph?
To determine the wavelength from a graph, you can measure the distance between two consecutive peaks or troughs on the graph. This distance represents one full wavelength.
Elasticity of Demand and Supply with graph?
buang ka
How can one determine the initial value on a graph?
To determine the initial value on a graph, look for the point where the graph intersects the y-axis. This point represents the initial value or starting point of the graph.
How can one determine the phase constant from a graph?
To determine the phase constant from a graph, identify the horizontal shift of the graph compared to the original function. The phase constant is the amount the graph is shifted horizontally.
How can one determine the median from a graph?
The answer depends on what the graph is of: the distribution function or the cumulative distribution function.
How can one determine velocity from an acceleration-time graph?
To determine velocity from an acceleration-time graph, you can find the area under the curve of the graph. This area represents the change in velocity over time. By calculating this area, you can determine the velocity at any given point on the graph.
What information can you determine from a bar graph that you cannot determine from a circle graph?
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How can one determine the natural frequency from a graph?
To determine the natural frequency from a graph, identify the peak point on the graph which represents the highest amplitude or resonance. The frequency corresponding to this peak point is the natural frequency of the system.
How can one determine opportunity cost from a graph?
To determine opportunity cost from a graph, you can look at the slope of the graph. The opportunity cost is represented by the ratio of the units of one good that must be given up to produce more units of another good. The steeper the slope of the graph, the higher the opportunity cost.
What is the difference that exists between arc elasticity of demand and point elasticity of demand?
Arch elasticity demand is the percentage change in one variable divided by the percentage change in another variable, it calculates the elasticity over a range of values, while point elasticity of demand uses differential calculus to determine the elasticity at a specific point
What graph would you use to determine a persons height?
You would not use a graph to determine one person's height at a single point in time. You could use a line graph to track the height of a person over time. You could use a histogram to determine the heights of lots of people at one time.
