0
What else can I help you with?
What factors tend to make demand curves more price elastic?
Close substitutes, increased income, luxury goods, time. Addiction makes demand less elastic, (inelastic) ex. Cigarettes. As time increases more substitutes become available.
Does apple production has elastic supply?
Apple production generally has inelastic supply in the short term due to the time required for trees to grow and produce fruit. Factors like weather conditions and seasonal cycles also affect immediate supply responses. However, in the long term, supply can become more elastic as growers adjust planting decisions based on market prices and invest in new technologies. Overall, while short-term supply is relatively inelastic, it may become more elastic over time.
What factors determine the demand for perfectly elastic goods in the market?
The demand for perfectly elastic goods in the market is determined by factors such as the availability of close substitutes, consumer preferences, and the price of the good. When there are many substitutes available, consumers are more likely to switch to a different product if the price changes, leading to a perfectly elastic demand curve.
What factors contribute to the demand for inelastic goods and how does their price elasticity affect consumer behavior?
Factors that contribute to the demand for inelastic goods include the necessity of the product, lack of substitutes, and consumer habits. Inelastic goods have a low price elasticity, meaning that changes in price do not significantly affect consumer behavior. Consumers are willing to pay higher prices for inelastic goods because they are essential or have limited alternatives, leading to relatively stable demand regardless of price fluctuations.
What factors contribute to the pricing of inelastic items in the market?
The pricing of inelastic items in the market is influenced by factors such as limited availability, high demand, and lack of close substitutes. These items do not see significant changes in demand even when their prices increase, allowing sellers to set higher prices.
What makes some collisions elastic and others inelastic?
Collisions are elastic when kinetic energy is conserved, meaning the total kinetic energy of the system before the collision is equal to the total kinetic energy after the collision. In contrast, collisions are inelastic when kinetic energy is not conserved and some of the initial energy is transformed into other forms such as heat, sound, or deformation of objects involved in the collision. The nature of the collision (elastic or inelastic) depends on factors like the type of objects involved, their materials, and the forces acting during the collision.
What factors tend to make demand curves more price elastic?
Close substitutes, increased income, luxury goods, time. Addiction makes demand less elastic, (inelastic) ex. Cigarettes. As time increases more substitutes become available.
What happens when two objects with the same mass colide?
It depends on whether the collision is elastic or inelastic. Most collisions are a combination. The ideal elastic collision would have the two objects bouncing off of each other at the same speed that they started with, but with opposite directions, depending on angle of incidence. The ideal inelastic collision would be as if the two objects stuck to each other - the resultant velocity in the case would be zero, depending on angle of incidence.
What factors determine the demand for perfectly elastic goods in the market?
The demand for perfectly elastic goods in the market is determined by factors such as the availability of close substitutes, consumer preferences, and the price of the good. When there are many substitutes available, consumers are more likely to switch to a different product if the price changes, leading to a perfectly elastic demand curve.
What is collission?
A collision occurs when two objects come into contact with each other and exert forces on each other in a short period of time. This can result in changes to the objects' motion or shape, depending on factors such as their masses and velocities. Collisions can be categorized as elastic, inelastic, or partially elastic, depending on the conservation of kinetic energy during the interaction.
What factors must be considered in analyzing a head-on elastic collision between two objects?
When analyzing a head-on elastic collision between two objects, factors to consider include the masses of the objects, their velocities before and after the collision, the angle of impact, and the coefficient of restitution. These factors help determine the conservation of momentum and kinetic energy in the collision.
What 2 factors affect elastic potential energy?
The two factors that affect elastic potential energy are the amount of stretch or compression of the elastic material and the stiffness of the material, determined by its spring constant.
What factors affect elastic energy?
Factors that affect elastic energy include the material's elastic modulus (stiffness), the amount of deformation or stretching applied to the material, and the shape or configuration of the material. Additionally, temperature can also affect the elastic properties of a material.
Why the demand of natural gas is inelastic?
inelastic commodities are those with few or no substitutes. The importance of natural gas as the current state are unparalleled and for that matter makes it inelastic, that however is only a short-run issue; in the long run other commodities like coal, and thermal energy would place the substitute role on natural gas thereby moving it to an elastic good. Natural gas would only be inelastic in the short-run
What are the key factors to consider when evaluating a material's elastic compliance for use in a product design?
When evaluating a material's elastic compliance for product design, key factors to consider include the material's Young's modulus, shear modulus, Poisson's ratio, and the material's ability to return to its original shape after deformation. These factors help determine how well the material will perform under stress and strain in the intended application.
What factors contribute to the demand for inelastic goods and how does their price elasticity affect consumer behavior?
Factors that contribute to the demand for inelastic goods include the necessity of the product, lack of substitutes, and consumer habits. Inelastic goods have a low price elasticity, meaning that changes in price do not significantly affect consumer behavior. Consumers are willing to pay higher prices for inelastic goods because they are essential or have limited alternatives, leading to relatively stable demand regardless of price fluctuations.
What factors contribute to the pricing of inelastic items in the market?
The pricing of inelastic items in the market is influenced by factors such as limited availability, high demand, and lack of close substitutes. These items do not see significant changes in demand even when their prices increase, allowing sellers to set higher prices.
