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Beachfront properties are generally considered inelastic. This is because demand for such properties tends to remain relatively stable despite changes in price; many buyers view them as unique and desirable assets that offer lifestyle benefits. The limited supply of beachfront land further contributes to this inelasticity, as there are few alternatives for those seeking waterfront living.
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Are diamonds elastic or inelastic in terms of their physical properties?
Diamonds are considered to be inelastic in terms of their physical properties, meaning they do not easily deform or stretch when subjected to external forces.
Is the price and demand for junk food elastic or inelastic?
elastic
What will be the total higher quantity do in the elastic inelastic and unit-elastic?
The midpoint between elastic and inelastic is unit elastic
Is supply for bar soap inelastic or elastic?
is soap elastic or inelastic supply
Is salt an elastic or inelastic product?
Inelastic
Are diamonds elastic or inelastic in terms of their physical properties?
Diamonds are considered to be inelastic in terms of their physical properties, meaning they do not easily deform or stretch when subjected to external forces.
Is the price and demand for junk food elastic or inelastic?
elastic
What will be the total higher quantity do in the elastic inelastic and unit-elastic?
The midpoint between elastic and inelastic is unit elastic
Is supply for bar soap inelastic or elastic?
is soap elastic or inelastic supply
Is a BMW an elastic or inelastic?
elastic
Is salt an elastic or inelastic product?
Inelastic
How do you determine if a collision was elastic inelastic or perfectly inelastic?
just check momentum before and after and if they're the same then elastic if not then inelastic.
Difference between elastic and inelastic demand?
difference between elastic and inelastic demand
Is fruit elastic or inelastic demand?
elastic
Demand for wine is elastic or inelastic?
Highly elastic.
Is the NHS as a service price elastic or inelastic?
elastic
What are the differences between an elastic and inelastic item?
An elastic item benefits from price decreases whereas an inelastic item does not.
