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The mechanism is call "The Supply and Demand Curve"
Its based on supply and demand READ THE BOOK CALL Principles and demand
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
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inelastic is supply and demand trends. inelastic means the demand only slightly or never really changes. things like luxury items, sports cars, mansions, penthouse apartments, high class call girls, all of them stay at steady prices because the demand for them never changes.
The mechanism is call "The Supply and Demand Curve"
Its based on supply and demand READ THE BOOK CALL Principles and demand
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
A point, line or curve.
The point when a curve changes from concave upward to concave downward is called the inflection point. It is the point where the curve transitions from being curved "upwards" to being curved "downwards" or vice versa. At the inflection point, the rate of change of the curve's curvature changes sign.
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A curve formed by a point that moves according to a mathematically defined rule is called a "trajectory" or "path." In mathematics, this can also be referred to as a "parametric curve" if defined using parameters, or simply a "curve" in a broader sense. The specific type of curve can vary based on the rule or equation governing the point's motion, such as a line, circle, or more complex shapes.
x2 + y2 = r2 Where "x" and "y" represent the co-ordinates of any point on the curve relative to it's center point, and "r" represents it's radius. If you want to specify a curve that goes around a specific point (we'll call it {a, b}), then that can be expressed as: (x - a)2 + (y - b)2 = r2
A straight line that touches a curve but continues without crossing it is called a "tangent." At the point of contact, the tangent line has the same slope as the curve, indicating that it just grazes the curve rather than intersecting it.
Terha
The mean.
A bend.