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Do cold effect elasticity of a rubberband?

Yes, temperature effects elasticity. At a constant temperature, and for elongations not too large, a rubber band obeys Hooke's Law. Means the temperature must be constant.an elastic will show more elasticity in cold & lesser in summer relatively. Heating the rubber molecules make them move around more. They become less aligned as a result and the rubber band SHRINKS. so finally it can be told that temperature matters in term of elasticity.


Which term refers to the extent to which a change in price causes a change in demand?

Demand-price elasticity.


What does the term unitary elastic describe?

Unitary elastic is a demand whose elasticity is exactly equal to 1.


What does the word elasticity?

The term inelastic refers to the economic principles of elasticity of supply or demand. Elasticity of demand refers to the rate at which a change in price changes the rate at which consumers demand a product. Elasticity of supply refers to the rate at which a change in price changes the rate at which suppliers are willing to supply a good or service. In most cases elasticity can be calculated by dividing the percent change in supply or demand by the percent change in price. In more advanced cases the calculation of elasticity may require partial derivatives. If elasticity is less than 1, then the price change is inelastic. This means the price change was relatively greater than the change in supply or demand. If demand elasticity is less than 1, a business will generally increase the price of its good or service because it knows it can make more money by charging a hire price even after accounting for the customers it would lose because of the price increase. if elasticity is greater than 1, then the price change is elastic. This means the change in demand or supply is relatively greater than the change in price. if elasticity equals 1, then the price change is unit elastic. This means the change in demand or supply is relatively equal to the change in price. Profit maximizing firms generally charge a price the has a unit elastic demand because charging anymore would mean not profit maximizing because they are losing too many customers and charging any less would mean not maximizing profit due to the price being too low. If elasticity equals 0, then the price change is perfectly inelastic. This means that no matter the price, the demand will always be the same (in the case of demand elasticity) or the supply will always be the same (in the case of supply elasticity). Goods that fall into this category are rarer than the first three categories. A good with a perfectly inelastic demand has to be something that the consumers in the market could not live without (literally or figuratively). Two examples are life saving medical treatments and illegal drugs. If elasticity equals infinity (change in price is 0), then the good is perfectly elastic. In this case, even the slightest change in price sends the demand or supply for a good or service plummeting to 0. An (albeit not perfect) example is bottled water. If a bottled water company changes its price from $1 to $1.05 and another company has the same product still readily available for $1, then demand for the $1.05 water will plummet.


Why are both the price elasticity of demand and the price elasticity of supply likely to be greater in the long run?

In the long run, manufacturers and producers can respond to consumer demand by analyzing trends that develop over time. Short-term, this is less practical because adjustments often cannot be made quickly enough to accommodate changes.

Related Questions

What does the term exegesis mean with relation to comprehension tasks?

The term exegesis in relation to comprehension tasks means an outlining of the task's purpose and the rationale for its execution. The term exegesis means a summary or outline to lay out and explain what is being analyzed and why it is being examined intellectually for study, or for scholarly reasons. The term exegesis means an explanation in relation to the purpose of comprehension tasks.


What does the term "soluble" mean in relation to substances being aqueous?

The term "soluble" in relation to substances being aqueous means that the substance is able to dissolve in water.


What does the term "miscible" mean in relation to solubility?

The term "miscible" in relation to solubility means that two substances are able to mix together completely to form a homogeneous solution.


What is the mean by the term vehicle in relation to food safety?

The term vehicle in relation to food safety means anything which will carry or transport. This can be food or a person's hands which can come in contact with contaminants.


What term describes the ability of a solid to return to its original shape?

That ability is known as elasticity.


What is the difference between the modulus of elasticity and Young's modulus in materials science?

The modulus of elasticity is a general term that refers to a material's ability to deform under stress and return to its original shape. Young's modulus, specifically, is a specific type of modulus of elasticity that measures a material's stiffness or resistance to deformation when subjected to tension or compression.


what are the applications of of the elasticity?

applications of modulas of elasticity As the term implies, "Modulus of Elasticity" basically relates to the elasticity or "flexibility" of a material. The value of modulus of elasticity are very much significant relating to deflection of certain materials used in the construction industry. Take for example the general E value of mild carbon steel is about 200 GPa compared to about 70 GPa for aluminum. This simply translate that aluminum is 3 times flexible than steel.


What are the applications of the elasticity?

applications of modulas of elasticity As the term implies, "Modulus of Elasticity" basically relates to the elasticity or "flexibility" of a material. The value of modulus of elasticity are very much significant relating to deflection of certain materials used in the construction industry. Take for example the general E value of mild carbon steel is about 200 GPa compared to about 70 GPa for aluminum. This simply translate that aluminum is 3 times flexible than steel.


The term PVC in relation to heart function means?

Premature Ventricular Contraction


What does the term toughness mean in relation to materials?

It is referring to whether the material tears, rips, or breaks easily. If it is tough material it is strong.


What is the technical term for bounciness?

I think that would be elasticity.


What is the directional term that best describes the eyes in relation to the nose?

The directional term that best describes the eyes in relation to the nose is "lateral." This means that the eyes are located to the side of the nose.