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Are pork chops elastic or inelastic or both?
Pork Chops are elastic because the demand can shift due to the effects of substitute markets such as Beef and Chicken.
Is rice production consider as Inelastic demand or elastic demand?
Production itself cannot have inelastic demand, only supply. I will look at both cases. The demand for rice as a good is very inelastic. This is because people will buy rice no matter the price, because in many places of the world, it is their main source of food. Recently rice as skyrocketed in price (resulting in riots in places), but people still buy it. This is mainly out of necessity, but alternatives are emerging. The elasticity of supply is also inelastic, as we are looking at a huge rise in prices, but a very small change in production.
When is the deadweight loss the greatest?
when both demand and supply are elastic
What is the elasticity of demand for wal-mart?
The elasticity of demand for Walmart can vary depending on the product and market conditions. Generally, Walmart's demand is considered to be relatively inelastic because it offers a wide range of essential goods at low prices, making consumers less sensitive to price changes. However, for specific non-essential items or during economic downturns, demand may become more elastic as consumers seek alternatives. Overall, the demand elasticity for Walmart reflects both the nature of its products and the competitive retail environment.
How does a tax a good affect the price paid by buyers the price received by sellers and the quantity sold?
it will totally depand upon elasticity of supply and demand if it is elastic then iten the tax paid will be by both however if it is inelastic then burden of tax will be laid upon buyer
Are pork chops elastic or inelastic or both?
Pork Chops are elastic because the demand can shift due to the effects of substitute markets such as Beef and Chicken.
What is elastic and inelastic collisions in terms of momentum?
In elastic collisions, both momentum and kinetic energy are conserved. This means that momentum before and after the collision is the same, and the objects bounce off each other without any loss of kinetic energy. In inelastic collisions, momentum is conserved but kinetic energy is not. Some kinetic energy is converted into other forms of energy, such as heat or sound, during the collision.
Distinguish beween and elastic and inelastic collision for wich type of collision is momentum conserved?
Momentum is conserved in both elastic and inelastic collisions. Mechanical energy is conserved only in elastic collisions. In inelastic collisions, part of the energy is "lost" - usually most of it would be converted to heat, eventually.
Is rice production consider as Inelastic demand or elastic demand?
Production itself cannot have inelastic demand, only supply. I will look at both cases. The demand for rice as a good is very inelastic. This is because people will buy rice no matter the price, because in many places of the world, it is their main source of food. Recently rice as skyrocketed in price (resulting in riots in places), but people still buy it. This is mainly out of necessity, but alternatives are emerging. The elasticity of supply is also inelastic, as we are looking at a huge rise in prices, but a very small change in production.
Can momentum be preserved in elastic and inelastic collision?
Momentum is always conserved in both elastic and inelastic collisions. In elastic collisions, kinetic energy is also conserved, whereas in inelastic collisions, some kinetic energy is converted into other forms such as thermal energy or sound.
Is medical technology elastic or inelastic?
Both the supply side and the demand side of medical technology are elastic. As soon as a new technology is available, or if there is a price reduction, increased demand will lead to an increased supply. At base, most medical technologies are simple, and do not use exotic materials, - the availability of supplies is almost unlimited. And on the demand side, there is an almost unlimited demand for various technologies (consider cochlear implants), as soon as there is a technological or a price improvement, the demand will increase.
When is the deadweight loss the greatest?
when both demand and supply are elastic
What is the elasticity of demand for wal-mart?
The elasticity of demand for Walmart can vary depending on the product and market conditions. Generally, Walmart's demand is considered to be relatively inelastic because it offers a wide range of essential goods at low prices, making consumers less sensitive to price changes. However, for specific non-essential items or during economic downturns, demand may become more elastic as consumers seek alternatives. Overall, the demand elasticity for Walmart reflects both the nature of its products and the competitive retail environment.
What is elastic and inelastic collision?
In an elastic collision, no kinetic energy is lost, and the relative speed of separation of the objects after the collision is the same as the relative speed before the collision. In an inelastic collision, part of the elastic energy is lost, and the relative speed after the collision is less.
How does a tax a good affect the price paid by buyers the price received by sellers and the quantity sold?
it will totally depand upon elasticity of supply and demand if it is elastic then iten the tax paid will be by both however if it is inelastic then burden of tax will be laid upon buyer
Difference between elastic an inelastic buckling?
The elastic bucklingoccursfor slender columns that have a large slenderness parameter(KL/R) before any yielding in the materials. While the inelastic buckling occurs for intermediate columns that have amoderate(KL/r) ratio and the failure occurs by both the buckling and part of the materials yieldingsimultaneously
What do positive and negative cross elasticity indicate?
the demand for good A and the demand for good B are both price elastic
