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The surge in demand from electrical utilities, which comprised over 50 percent of coal industry sales, led to two of the most dynamic decades in U.S. coal history in the 1960s and 1970s.

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Is coal elastic or inelastic?

There are 2 different types price elasticity of demand and price elasticity of supply. If you meant to ask is demand for coal price elastic on inelastic, answer is yes, it is price inelastic. The demand for coal, is unlikely to drop much even if the price of it increases, it can be said that it is a 'necessity'. Since the quantity demanded decreases less than proportionate than the increase in price, it is said to be price inelastic.


What are the basic commodities with stable demand?

In my opinion stable demand commodities are those which are necessary in life such as oil, gas, corn, rice, coal, steel


How could coal have perfect elastic demand?

It could be perfectly elastic if the population demanded whatever can be supplied of coal at one price and no other. Its elasticity would have to be infinite.


Why is coal elastic in supply?

Coal supply is considered elastic because it can be adjusted relatively quickly in response to changes in market prices. Producers can increase or decrease output by modifying mining operations, utilizing existing infrastructure, or shifting resources. Additionally, the presence of various suppliers and the ability to transport coal over long distances contribute to its elasticity. However, this elasticity can be influenced by regulatory factors and market conditions affecting production costs and demand.


What were coal mining market conditions in the 1970s?

The number of mining service establishments more than doubled from 191 in 1972 to 422 in 1982. The massive rise in productivity allowed for relatively high wages in the industry and exports boomed

Related Questions

Which invention resulted in an increase in the demand for coal?

dick me down


Is coal elastic or inelastic?

There are 2 different types price elasticity of demand and price elasticity of supply. If you meant to ask is demand for coal price elastic on inelastic, answer is yes, it is price inelastic. The demand for coal, is unlikely to drop much even if the price of it increases, it can be said that it is a 'necessity'. Since the quantity demanded decreases less than proportionate than the increase in price, it is said to be price inelastic.


What has caused Carbon Dioxide levels to steadily increase since the 1800s?

The burning of fossil fuels (coal & oil) is the primary cause of the increase in carbon dioxide levels in the atmosphere.


How do you increase the number of coal able to be stored in a Coal Truck?

To increase the capacity of coal trucks you have to complete certain tasks in the seer's village.


Why did the need for coal increase?

The need for coal increased primarily due to the Industrial Revolution, which led to a higher demand for energy sources to power factories and machinery. Coal became a popular choice because it was abundant, cheap, and provided a reliable source of energy for the growing industrial economy.


Where are there coal mines in telford?

There are no active coal mines in Telford, as the last coal mine in the area closed in the 1970s. Telford is located in Shropshire, which historically had coal mining activity, but the industry has since declined.


An increase in the average level of carbon dioxide in the atmosphere is most likely caused by an increase in the?

Burning of fossil fuels (coal, oil and natural gas).


Why could England transport coal cheaply?

The rising demand for coal came from many sources


What is black lung disease known as?

Coal workers pneumoconiosis (CWP), is caused by inhaling coal dust.


Which countries have seen a significant increase in their CO2 emissions by 2008 since the early 1970s?

Countries that have seen a significant increase in CO2 emissions by 2008 since the early 1970s include China, India, and Brazil. These countries have experienced rapid industrialization and urbanization leading to a surge in energy consumption, particularly from fossil fuels like coal and oil. This has resulted in a substantial rise in their carbon dioxide emissions over the years.


How has demand for coal changed since 1950?

how has demand for coal changed since 1950 the demand for coal has changed drastically scince the 1950's (quite obvious). this is a result of the relisation of the global problems it has had on the environment. the use of coal has also been replaced by more modern forms of energy resoures, such as electricity and gas. during the 1950s coal was used to heat homes, cook food, and even run traind. in modern society scince then we no longer require such a high demand for coal as we do not use it as much to do everyday requirements such as these.


What caused the coal mine disaster in Dhanbad?

Because some dumb guy farted and sent a gas rocket that caused the coal to crash down.