0
What is an example of a good for which the demand is likely to become more elastic over time if the price changes dramatically?
Linam79
gasoline
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
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.
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.
What is the difference between aggregate supply in the short and long run?
In the long run (ceteris paribus), aggregate supply is perfectly inelastic, represented by a vertical line. No matter the inflation or deflation, there will be constant real product. However, in the short run, aggregate supply is much more elastic (and, according to Keynes, can become perfectly elastic (horizontal) if the economy gets into a rut). The real GDP will change because of the price level. But by definition, in the long run real variables are resistant to nominal changes, so real GDP will not be influenced by price level while in the short run it is not constant.
What is an example of a good for which the demand is likely to become more elastic over time if prices change dramatically?
gasoline
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 changes occur to the elasticity of the muscles during a warm-up?
They become more flexible and elastic.
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.
A condition worsened by smoking in which the bronchioles become less elastic is?
chronic bronchitis
What seems to be the smoking-induced condition where the bronchioles become less elastic?
emphysema.
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.
