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Which demand can become more elastic over time what changes can take place in the long term to affect demand?
Gasoline
What factors tend to make demand curves more price elastic?
Close substitutes, increased income, luxury goods, time. Addiction makes demand less elastic, (inelastic) ex. Cigarettes. As time increases more substitutes become available.
Does apple production has elastic supply?
Apple production generally has inelastic supply in the short term due to the time required for trees to grow and produce fruit. Factors like weather conditions and seasonal cycles also affect immediate supply responses. However, in the long term, supply can become more elastic as growers adjust planting decisions based on market prices and invest in new technologies. Overall, while short-term supply is relatively inelastic, it may become more elastic over time.
What is the meaning of business analysis?
The meaning of business analysis is to identify the needs of a business and determining how best to achieve those needs. For example, what strategic changes does a company need in order to become more successful for the future.
Is the housing industry elastic or inelastic?
It is inelastic due to houses taking a long time to build so there will be a short supply of housing. there are also no alternatives to housing. There is but that is if you want to become homeless.
Is an example of a good for which the demand is likely to become more elastic over the time if the price change dramatically?
gasoline
What is an example of a good for which the demand is likely to become more elastic over time if prices change dramatically?
gasoline
Which demand can become more elastic over time what changes can take place in the long term to affect demand?
Gasoline
What dous sprung mean?
# dart, shoot # to be resilient or elastic # to move by elastic force # to become warped == ==
When demand is elastic?
The demand is elastic when the price is low. So people will buy more good so that it's demand will become more elastic. Moreover ,the demand is elastic when there are some new inventions.
How does temperature changes elastic properties of tennis ball?
If the weather is cold the ball may harden and become stiff, this makes the ball have less pop and results in a slower playing ball. If the weather is warm then the ball will become more elastic and bounce higher. If the ball is sat outside for extended periods of time the constant cooling and warming of the ball will cause the rubber to lose its form and become flat with no bounce.
Does temperature affect elastic?
Temperature can affect the elasticity of materials. Generally, when temperature increases, most materials become less elastic and more prone to deformation. However, some materials exhibit changes in elasticity at specific temperature ranges, such as those that undergo phase transitions.
What seems to be the smoking-induced condition where the bronchioles become less elastic?
emphysema.
A condition worsened by smoking in which the bronchioles become less elastic is?
chronic bronchitis
The example of the English peppered moth demonstrates what?
B) that a harmful phenotype may become an advantageous phenotype when the environment changes
If the consumption for coffee go up 1 per cent and price of coffee would have to fall by 4 per cent is that become elastic or inelastic?
elastic
How is a peninsula?
Peninsulas are made over time from the weather and earth changes. A hurricane or earthquake for example could cause a body of land to become a peninsula.
