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What is an example of a purely elastic industry?
What industry is purely elastic
Why are economies never purely market or command economies?
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
What factors determine whether a product has elastic, inelastic, or unit-elastic demand in the market?
The factors that determine whether a product has elastic, inelastic, or unit-elastic demand in the market include the availability of substitutes, the necessity of the product, the proportion of income spent on the product, and the time frame considered.
The labor demand curve of a purely competitive seller perfectly elastic?
yes the demand curve is perfectly inelastic and horizontal
Are most economies today are purely free market economies?
False
What is an example of a purely elastic industry?
What industry is purely elastic
A firm operating in a purely competitive resource market faces a resource supply curve that is?
B. Perfectly elastic This is because it is operating in a perfect competitive market
What solid is elastic?
Lots of solids are elastic. Steel, for example. Another one is "elastic".
Why are economies never purely market or command economies?
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
What factors determine whether a product has elastic, inelastic, or unit-elastic demand in the market?
The factors that determine whether a product has elastic, inelastic, or unit-elastic demand in the market include the availability of substitutes, the necessity of the product, the proportion of income spent on the product, and the time frame considered.
What is the aorta an example of?
elastic artery
What is an aorta an example of?
elastic artery
The labor demand curve of a purely competitive seller perfectly elastic?
yes the demand curve is perfectly inelastic and horizontal
What is the adverb of purity?
Purely is the adverb form of purity.An example sentence for you is:It is purely speculation at this stage.
Are most economies today are purely free market economies?
False
In what kind of market is the price demand the most elastic?
Perfect Competition
Is an example of conservation of momentum?
Elastic collision.
