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If a market is faced with a horizontal demand curve, then the demand in that market by consumers is perfectly elastic. More simply, any minuscule change in price causes a huge change in quantity demanded.
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∙ 12y ago
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Is this true or false an increase in demand is represented by a movement up the demand curve?
That would depend on what point of the curve you mean.
3 Why is it difficult to judge the price elasticity of demand if you are merely observing the appearance of a demand curve on a graph?
Because elasticity is changes depending on the price it is evaluated at. This will then mean that elasticity is different at different point on a demand curve. It can also depend on the scale the demand curve is drawn to
What does a perfectly elastic demand curve mean?
it is the graphic representation of the changes in demand due to the availability of equal important substitude.
Why price on y-axis in demand function?
bez when demand function have price on y-axis, its mean that price have the inverse relation to the demand, in other words price lead to demand curve.
What happens when demand rises by more than supply falls?
If demand rises, the demand curve will shift to the right. A fall in supply will mean that the curve moves leftwards. The result is higher prices at a lower quantity. Excess demand may occur
Is this true or false an increase in demand is represented by a movement up the demand curve?
That would depend on what point of the curve you mean.
3 Why is it difficult to judge the price elasticity of demand if you are merely observing the appearance of a demand curve on a graph?
Because elasticity is changes depending on the price it is evaluated at. This will then mean that elasticity is different at different point on a demand curve. It can also depend on the scale the demand curve is drawn to
What does it mean to shift the demand curve to the right?
an increase in quantity demanded.
What does a perfectly elastic demand curve mean?
it is the graphic representation of the changes in demand due to the availability of equal important substitude.
What is non intersecting for geometry?
In the context of Euclidean straight lines it would mean parallel lines. In the context of a curve and a line (or another curve) it would mean the line and the curve do not meet at any point, but not a lot more can be deduced about them.
Why price on y-axis in demand function?
bez when demand function have price on y-axis, its mean that price have the inverse relation to the demand, in other words price lead to demand curve.
What happens when demand rises by more than supply falls?
If demand rises, the demand curve will shift to the right. A fall in supply will mean that the curve moves leftwards. The result is higher prices at a lower quantity. Excess demand may occur
What part of the curve represents the elastic deformation of the material?
I assume you mean the curve of length against applied force (or mass) for a wire. The beginning part of the curve should be a straight line, and this is where the deformation is elastic. When the substance passes its elastic limit, the line starts to curve up.
What part of the curve represents the elastic deformation of a material?
I assume you mean the curve of length against applied force (or mass) for a wire. The beginning part of the curve should be a straight line, and this is where the deformation is elastic. When the substance passes its elastic limit, the line starts to curve up.
What causes the movement along the demand curve that shows a change in the quality of the product purchased?
If you mean quality, THEN AN INCREASE IN AWARENESS OF THE INCREASED "UTILITY" INCREASESDEMAND AND MOVES THE LINE UPWARD, INDICATING THE INCREASE.iF you mean quantity, increaseS along the demand curve are usually indicative of price, specificallhy a decrease. However, sometimes increases in demand accompany an increase in utility, i.e. more uses for the product; differing applications that can be satisfied within a price range. i.e. when additional uses were discovered for Napha in the manufacture of plastics. OBVIOUSLY, THAT MAY INCREASE DEMAND, BUT MAY NOT MOVE THE PRICE UPEWARD, DEPENDING ON SUPPLY.
What will happen to market price if demand decrease?
If the demand decreases, market price would go down. IN DETAIL: Demand is a rightward sloping downwards curve. Supply is a rightwards ascending curve. If you plot a graph of both, where the horizontal axis shows the quantity demanded by the market, and vertical axis shows the market price, the intersection of the demand and supply curve would give you the market price. A decrease in demand would mean a leftward shift in the demand curve, causing the intersection point of of the two curves to be lower than the previous one, which means at a point that shows a lower price. So the market price would decrease.
What is the point of cotact when the line y equals 2x plus 5 over 4 meets the curve y squared equals 10xa?
If you mean a line of y = 2x+5/4 and a curve of y^2 = 10x Then it works out that the line touches the curve at: (5/8, 5/2)
