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What is the price elasticity of the construction industry?

There's no way to answer this question as it's posed.Do you mean the price elasticity of DEMAND for new construction, which says how much (in percentage terms) more construction will be demanded for a 1% decrease in price?Or the price elasticity of SUPPLY, which says how much (in percentage terms) more construction will be supplied for a 1% increase in price?


how much cost 1 pound of silver?

silver price per pound


How much is a current price of Gold in USD?

$1744.43, as of 10/16/12, as of 1:10 CDT, according to goldprice.com


What is the range of elasticity?

The range of elasticity refers to the responsiveness of quantity demanded or supplied to changes in price. It is typically measured using the price elasticity of demand or supply, which can be classified as elastic (greater than 1), inelastic (less than 1), or unitary (equal to 1). In the case of demand, an elastic range indicates that consumers are highly responsive to price changes, while an inelastic range suggests that they are less responsive. Understanding this range helps businesses and policymakers predict how changes in price will affect market behavior.


In economic term what does transparency mean?

In economics, a market is transparent if much is known by many about what products, services or capital assets are available, what price and where is the location. There are about two types of price transparency: (1) I know what price will be charged to me, and 2) I know what price will be charged to you. The two types of price transparency have different implications for differential pricing. This is a special case of the topic at transparency (humanities) . A high degree of market transparency can result in disintermediation due to the buyer's increased knowledge of supply pricing. Transparency is important since it is one of the theoretical conditions required for a free market to be efficient.

Related Questions

How much does the 1and1 webmail company charge for a month?

1 and 1 is a support service that gives advice in any case. The price starts at $4.99 for a package.


How much is the price of 1 gram brown sugar in India?

Price of 1 gm brown sugar


How much is the price of 1 kg wheat?

In March 2012 the price of wheat was $260 for 1 metric ton


How do you take 50 percent off an original price?

you can just divide it by two._____________________________________________________________(original price)-(% off in decimal form)*(original price)=[1-(% off in decimal form)]*(original price)=discounted pricein this case, (1-0.5)*(original price)=(original price)/2=discounted price


How much is the average price of repo insurance?

1 mil


How much is the average price of a fish?

$1 per fish.


How much wine is enough for 1 day?

a case


How do you the original price?

The answer depends on what information you do have. If you have the price AFTER the change, and a multiplier based on the percentage change, then original price = final price/multiplier. For a change of x%, the multiplier is (1+x/100). In the case of a % decrease, x is negative.


How much was the price of beer in 1967?

1 dollar and 15 cent


17.50 per kilogram equals how much per lb?

To convert price per kilogram to price per pound, you need to divide the price per kilogram by 2.20462 (since 1 kilogram is approximately 2.20462 pounds). In this case, $17.50 per kilogram is approximately $7.95 per pound.


How much 1 case of san mig light?

415


What is the price elasticity of the construction industry?

There's no way to answer this question as it's posed.Do you mean the price elasticity of DEMAND for new construction, which says how much (in percentage terms) more construction will be demanded for a 1% decrease in price?Or the price elasticity of SUPPLY, which says how much (in percentage terms) more construction will be supplied for a 1% increase in price?