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What are the differences between an elastic and inelastic item?
An elastic item benefits from price decreases whereas an inelastic item does not.
What will be the total higher quantity do in the elastic inelastic and unit-elastic?
The midpoint between elastic and inelastic is unit elastic
What are the key differences between an inelastic and elastic graph in terms of price and quantity changes?
In an inelastic graph, price changes have a small impact on quantity demanded, while in an elastic graph, price changes have a significant impact on quantity demanded.
Is the price and demand for junk food elastic or inelastic?
elastic
Is supply for bar soap inelastic or elastic?
is soap elastic or inelastic supply
What are the differences between an elastic and inelastic item?
An elastic item benefits from price decreases whereas an inelastic item does not.
Difference between elastic and inelastic demand?
difference between elastic and inelastic demand
What will be the total higher quantity do in the elastic inelastic and unit-elastic?
The midpoint between elastic and inelastic is unit elastic
What are the key differences between an inelastic and elastic graph in terms of price and quantity changes?
In an inelastic graph, price changes have a small impact on quantity demanded, while in an elastic graph, price changes have a significant impact on quantity demanded.
Is the price and demand for junk food elastic or inelastic?
elastic
What is the difference between a perfectly elastic and a perfectly inelastic demand curve in economics?
A perfectly elastic demand curve means that the quantity demanded changes infinitely with a change in price, while a perfectly inelastic demand curve means that the quantity demanded remains constant regardless of price changes.
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.
Is fruit elastic or inelastic demand?
elastic
Distinguish between elastic and inelastic demand?
An example of perfectly inelastic demand would be a life-saving drug that people will pay any price to obtain. Elastic demand is the opposite of this.
