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Is the NHS as a service price elastic or inelastic?
elastic
Is the price and demand for junk food elastic or inelastic?
elastic
What is the difference between price elastic and unit elastic?
Unit elastic - Describes a supply or demand curve which is perfectly responsive to changes in price. That is, the quantity supplied or demanded changes according to the same percentage as the change in price. A curve with an elasticity of 1 is unit elastic.
What happens when the value is greater than one in elasticity?
it means that price is elastic. Price elastic means that a little change in the price will cause a substantial change in the quantity demanded.
Steeper supply curve is more likely to be price elastic or price inelastic?
Price inelastic
Is eating out in a restaurant elastic?
yes,its price elastic
Is the NHS as a service price elastic or inelastic?
elastic
Is the price and demand for junk food elastic or inelastic?
elastic
What is the difference between price elastic and unit elastic?
Unit elastic - Describes a supply or demand curve which is perfectly responsive to changes in price. That is, the quantity supplied or demanded changes according to the same percentage as the change in price. A curve with an elasticity of 1 is unit elastic.
If a company raises its price for holidays over the equilibrium price the demand will?
if a company raises its price for holidays over the equilibrium price, the demand will
What happens when the value is greater than one in elasticity?
it means that price is elastic. Price elastic means that a little change in the price will cause a substantial change in the quantity demanded.
What the price of cheap holidays Zante?
The price of Zante holidays range from $409 to $612. The online website Low Cost Holidays offers Zante holidays with a lot of activities that will keep everyone entertained.
Which foreign countries are the cheapest for holidays?
espaniol egypt
Steeper supply curve is more likely to be price elastic or price inelastic?
Price inelastic
When the price of a good will cause total revenue to fall if price elasticity of demand is elastic or inelastic?
when price changes it is called inelastic demand and when quantity of demand change that is called elastic of demand.
What is an unitary elastic supply?
A unitary-elastic supply indicates a good with a supply-price elasticity of one, which means that a 1% change in price increases supply by 1%.
What are the differences between an elastic and inelastic item?
An elastic item benefits from price decreases whereas an inelastic item does not.
