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A perfect elastic curve is one that shows a linear relationship between the variables being studied. This means that any change in one variable results in a proportional change in the other variable. The curve is symmetrical and does not deviate from the straight line, indicating a high level of responsiveness and predictability in the relationship between the variables.
What else can I help you with?
Under perfect competition is average revenue curve elastic or inelastic?
Under Perfect Competition the demand curve is perfectly elastic. I don't know if that helps but it might
Is it true that the demand curve is elastic in this region?
Yes, the demand curve is elastic in this region.
What does A perfect elastic supply curve look like?
Demand and cost are inversely related, i.e., as the cost goes up, the demand goes down, and as cost goes down, demand goes up. So any two cost-demand curves are are inversely related constitute a perfect elastic supply curve.
What are 4 characteristics of of pure competition?
the industry's demand curve is perfectly elastic
What are the characteristics healthy market?
characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market
Under perfect competition is average revenue curve elastic or inelastic?
Under Perfect Competition the demand curve is perfectly elastic. I don't know if that helps but it might
You want the characteristics of perfect inelastic demand curve?
A verticle demand curve, where a change in price does not effect quantity.
Is it true that the demand curve is elastic in this region?
Yes, the demand curve is elastic in this region.
What does A perfect elastic supply curve look like?
Demand and cost are inversely related, i.e., as the cost goes up, the demand goes down, and as cost goes down, demand goes up. So any two cost-demand curves are are inversely related constitute a perfect elastic supply curve.
What are 4 characteristics of of pure competition?
the industry's demand curve is perfectly elastic
True or False the steeper the demand curve the less elastic the demand curve?
It is false that the steeper the demand curve the less elastic the demand curve. The steeper line is used in economics to indicate the inelastic demand curve.
What part of the curve represents the elastic deformation of a material?
I assume you mean the curve of length against applied force (or mass) for a wire. The beginning part of the curve should be a straight line, and this is where the deformation is elastic. When the substance passes its elastic limit, the line starts to curve up.
What part of the curve represents the elastic deformation of the material?
I assume you mean the curve of length against applied force (or mass) for a wire. The beginning part of the curve should be a straight line, and this is where the deformation is elastic. When the substance passes its elastic limit, the line starts to curve up.
A firm operating in a purely competitive resource market faces a resource supply curve that is?
B. Perfectly elastic This is because it is operating in a perfect competitive market
What are the characteristics healthy market?
characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market characteristics of a perfect market
Why is world supply curve horizontal?
The world supply curve is considered perfectly elastic.
What is the present past perfect of curve?
The present perfect tense of curve is:I/you/we/they have curved.He/she/it has curved.The past perfect tense of curve is:Had curved.
