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If the quantity supplied responds only slightly to changes in price then?
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Difference between change in supply versus change in quantity supplied?
There is no different in changes in supplies and changes in quantity supplied as both are different interchangable name of same item.
When the quantity demanded responds strongly to changes in price demand is said to be?
elastic:elasticity is %change in q / %change in ptherefore when quantity responds strongly to price, then it is price elastic
What is elastic supply?
the situation that exists when quantity supplied changes greatly in response to a change of price.
Change in supply and quantity supply?
Elasticity of supply refers to the rate at which the amount supplied changes in response to the changes in price. The change in supply and quantity supply is a term that is used in economics to describe the amount of goods or services that are supplied at a given market price.
What changes does a unit elastic supply curve show?
A change in price causes a relatively smaller change in quantity supplied .
Difference between change in supply versus change in quantity supplied?
There is no different in changes in supplies and changes in quantity supplied as both are different interchangable name of same item.
When the quantity demanded responds strongly to changes in price demand is said to be?
elastic:elasticity is %change in q / %change in ptherefore when quantity responds strongly to price, then it is price elastic
What is elastic supply?
the situation that exists when quantity supplied changes greatly in response to a change of price.
Change in supply and quantity supply?
Elasticity of supply refers to the rate at which the amount supplied changes in response to the changes in price. The change in supply and quantity supply is a term that is used in economics to describe the amount of goods or services that are supplied at a given market price.
What changes does a unit elastic supply curve show?
A change in price causes a relatively smaller change in quantity supplied .
What happens when quantity demanded exceeds quantity supplied?
Graphically, the Y axis is price and the X axis is quantity. The demand curve slopes downward, while the supply curve slopes upward. When quantity demanded exceeds quantity supplied the market is out of equilibrium. As a result, the price of goods increases, thereby decreasing the quantity demanded. This is characterized as a move up along the demand curve and not a shift. Changes in endogenous variables, ie price and quantity, are just movements along the curve.
What happen when quantity supplied exceeds quantity demanded?
Graphically, the Y axis is price and the X axis is quantity. The demand curve slopes downward, while the supply curve slopes upward. When quantity demanded exceeds quantity supplied the market is out of equilibrium. As a result, the price of goods increases, thereby decreasing the quantity demanded. This is characterized as a move up along the demand curve and not a shift. Changes in endogenous variables, ie price and quantity, are just movements along the curve.
What is the variable that responds to changes?
methyl orange changes to pink
What senses changes in the environment and responds by sending information to what?
The Receptor senses changes in the environment and responds by sending information to the Control Center along the Afferent.
How a plant responds to changes in the seasons?
it wear coats
Responds and adjust changes of living things?
Evolution/adaptation.
What part in the human body senses and responds to changes?
nerves
