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What is demand function.what are its determinants of demand function?
the determinats demand are prices and non price factor
How do we measure the three cases of demand elasticity?
Demand elasticity is measured through three main cases: price elasticity of demand, income elasticity of demand, and cross-price elasticity of demand. Price elasticity assesses how quantity demanded changes in response to price changes, calculated as the percentage change in quantity demanded divided by the percentage change in price. Income elasticity measures how quantity demanded responds to changes in consumer income, while cross-price elasticity evaluates the demand response for one good when the price of another good changes. Each type provides insights into consumer behavior and market dynamics.
What is the price elasticity in a oligopoly?
in oligopoly what is the nature of price elasticity
What is price elasticity?
price elasticity is the degree of responsiveness of demand or supply to a small change in price.
When is price elasticity inelastic?
price elasticity=%change in quantity divided by %change in price it's inelastic when the absolute value of price elasticity is between 0 and 1
What are the significance of the determinant of stock price in nigeria capital market?
list of the determinats of stock market
What is demand function.what are its determinants of demand function?
the determinats demand are prices and non price factor
How do we measure the three cases of demand elasticity?
Demand elasticity is measured through three main cases: price elasticity of demand, income elasticity of demand, and cross-price elasticity of demand. Price elasticity assesses how quantity demanded changes in response to price changes, calculated as the percentage change in quantity demanded divided by the percentage change in price. Income elasticity measures how quantity demanded responds to changes in consumer income, while cross-price elasticity evaluates the demand response for one good when the price of another good changes. Each type provides insights into consumer behavior and market dynamics.
What is the price elasticity in a oligopoly?
in oligopoly what is the nature of price elasticity
What is price elasticity?
price elasticity is the degree of responsiveness of demand or supply to a small change in price.
When is price elasticity inelastic?
price elasticity=%change in quantity divided by %change in price it's inelastic when the absolute value of price elasticity is between 0 and 1
Can you find price elasticity if there is no change in price?
There must be a change in the price to calculate the price elasticity. Elasticity depends on the changes in the demand of a good or service based on the change in the price of a good or service.
Distinguish between price and income elasticity of demand?
distinguish between price elasticity of demand and income elasticity of demand
How do you calculate the quantity demanded when the elasticity is given?
To calculate the quantity demanded when the elasticity is given, you can use the formula: Quantity Demanded (Elasticity / (1 Elasticity)) (Price / Price Elasticity). This formula helps determine the change in quantity demanded based on the given elasticity and price.
What role does price elasticity demand play in decision making by business firms?
price elasticity
What is the importance of price elasticity to a cellphone dealer?
what are the importants of price elasticity of demand to a cellphone dealer
Distinguish between price elasticity and income elasticity?
The price elasticity refers to the change in demand due to the change in price. The income elasticity of demand on the other hand refers to the change in demand due to the change in income.
