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What else can I help you with?
What does a flat line mean in a demand curve?
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.
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.
What does a horizontal supply curve 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.
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 if the price elasticity of demand is 2?
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
What does a flat line mean in a demand curve?
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.
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.
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.
What does a horizontal supply curve 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.
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 it mean if the price elasticity of demand is 2?
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
What does it mean when your penis is tilted?
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.
What does it mean when the demand curve shifts to the right?
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.
What does it mean when a product is elastic and how does it impact its demand and pricing?
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.
What does it mean if the demand curve shifts to the right and how does it impact the market equilibrium"?
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.
