The elasticity of a solid means the tendency of it to resist deformation & return to it's original shape ie iron is more elastic than a rubber band. Weird isn't it?
Elasticity is about things that stretch and snap back, like rubber bands.
I assume that when you say "elasticity," you mean "price elasticity of demand."Raise price a little. If total revenue goes up, you're in the INELASTIC region (where absolute value of elasticity is greater than 1). If it goes down, you're in the ELASTIC region.
It's an elasticity coefficient of demand: deltaD/deltaP When the coefficient is >1 it is an elastic demand When the coefficient is <1 it is a nonelastic demand
Unitary is a reference to the type of demand elasticity. Unitary demand elasticity occurs when the elasticity of demand = 1. This indicates that the level of demand changes in-sync with the price at a 1:1 ratio.
The elasticity of demand refers to how sensitive the demand for a good is to changes in other economic variables. The different types are: price elasticity, income elasticity, cross elasticity and advertisement elasticity.
That ability is known as elasticity.
Elasticity describes the ability of a solid to return to its original shape after being deformed or stretched.
No, oxygen is a gas and does not have a solid shape at all.
Yes. It is it just has the physical property of elasticity!
Elasticity is about things that stretch and snap back, like rubber bands.
A rubber band can be stretched though it is in solid state because it approves the law of elasticity.
It depends on the temperature, the elasticity, and the density.
I assume that when you say "elasticity," you mean "price elasticity of demand."Raise price a little. If total revenue goes up, you're in the INELASTIC region (where absolute value of elasticity is greater than 1). If it goes down, you're in the ELASTIC region.
You mean the moduli of elasticity. That is pascal or N/m2
It's an elasticity coefficient of demand: deltaD/deltaP When the coefficient is >1 it is an elastic demand When the coefficient is <1 it is a nonelastic demand
price elasticity income elasticity cross elasticity promotional elasticity
Unitary is a reference to the type of demand elasticity. Unitary demand elasticity occurs when the elasticity of demand = 1. This indicates that the level of demand changes in-sync with the price at a 1:1 ratio.