it is the graphic representation of the changes in demand due to the availability of equal important substitude.
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.
That would depend on what point of the curve you mean.
"implies an elasticity equal to infinity" you have a horizontal straight line, you are right that e will be infinite . It will be perfectly elastic at all the points on the line. Because no change in quantity will be will change the price.
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
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
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.
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.
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.
That would depend on what point of the curve you mean.
"implies an elasticity equal to infinity" you have a horizontal straight line, you are right that e will be infinite . It will be perfectly elastic at all the points on the line. Because no change in quantity will be will change the price.
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
an increase in quantity demanded.
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
If by tilted you mean that it has a slight bend or curve either upwards, downwards or to either side when it is erect this is perfectly normal. The majority of penises have some sort of curve to a greater or lesser degree. Perfectly straight erect penises are in the minority.
When the demand curve shifts to the right, it means that there is an increase in demand for a product or service at every price point. This can be due to factors such as changes in consumer preferences, income levels, or advertising efforts.
When a product is elastic, it means that changes in its price lead to significant changes in demand. If a product is elastic, a small increase in price will result in a large decrease in demand, and vice versa. This can impact pricing because businesses may need to adjust prices carefully to maintain sales volume and revenue.
When the demand curve shifts to the right, it means that consumers are willing to buy more of a product at each price level. This increase in demand leads to a higher equilibrium price and quantity in the market.