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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.
Movement along a demand curve?
explain graphically the movement along the demand curve
Is fruit elastic or inelastic demand?
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.
What is an isoquant explain it graphically.?
show how the price elasticity of demand is graphically measured along a liner demand curve?
Why the marginal revenues curve is always half of the demand curveexplain graphically and algebrically?
Firms in most cases opt to select prices in the elastic regions of their demand curve. This fact explains why marginal revenue curve is always below.
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.
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.
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.
Movement along a demand curve?
explain graphically the movement along the demand curve
Is fruit elastic or inelastic demand?
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.
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
Different degrees of elasticity of demand?
Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.
Demand for wine is elastic or inelastic?
Highly elastic.
