answersLogoWhite

0

Elasticity refers to the ability of a material or object to return to its original shape after being deformed, such as being stretched or compressed. In economics, elasticity measures how the quantity demanded or supplied of a good responds to changes in price or other factors. A highly elastic item sees significant changes in demand with price fluctuations, while inelastic items show minimal response. Overall, elasticity is crucial in understanding both physical properties of materials and economic behaviors.

User Avatar

AnswerBot

4mo ago

What else can I help you with?

Related Questions

How can you remove strech marks?

You can buy some stupid stuff that will help them like special lotions but using products that help your skin go elasticy like cocoa butter will also help to reduce them.


Fundamental unit of young's modulus of elasticy?

Pressure (Pa) is force per area (N/m^2). Force is (Mass*Length)/Time^2, so force per area is Mass/(Length*Time^2).


Can you find modulus of elasticy from slope?

Yes, the modulus of elasticity (also known as Young's modulus) can be determined from the slope of the linear portion of a stress-strain curve. It is calculated as the ratio of stress (force per unit area) to strain (deformation per unit length) in the elastic region of the material. Mathematically, it is expressed as ( E = \frac{\sigma}{\epsilon} ), where ( E ) is the modulus of elasticity, ( \sigma ) is stress, and ( \epsilon ) is strain. The slope of the stress-strain curve in that region represents this ratio.


What is the function of Wheat flour?

When used in baking flour contributes body and structure, texture and flavor to baked goods, it also binds the ingredients together and supports the batter. It can also be used to thicken sauces, creams and pie fillings


How long after menstruation is ovulation?

for a regualr 28 day cycle it should be about 2 weeks... you will ovulate about 2 weeks after the first day of your period


Price elasticity of demand is known to be -2.5 and the firm lowers price by 5 percent What is the expected impact on the total revenue of the firm?

Price elasticy is defined as percentage change in quantity divided by the percentage change in price. The relationship is usually negative as you increaes price you can expect less sales. With price elasticity of -2.5 that means for every one percent increase in price(.01), I expect my quanity sold to decrease by 2.5 percent (.025). If the firm lowers the price by 5% then I would expect and increase of (5 * .025) = .125 or a 12.5% increase in total revenue. Remember all else equal.


A part of smoke that clogs up your lungs?

If you smoke, tar will build up in your lungs. Also nicotine and many other carcogenic chemicals build up in and on the walls of your lungs. Eventually your lungs will loss they elasticy - think of it as blowing up a ballon - u breathe air into it and it expands{much like inhaling| then you let the air out of it {much like exhaling} and the ballon deflated. now think of blowing up a brown paper lunch sack - u blow air into much like inhaling and it expands BUT when let the air out much like exhaling it still pretty much retains the same shape it had when you inhaled. in other words it did not collapse. when this happens you can't express all of the air of your lungs and that is not good. This is when you get short of breath, have trouble walking long distances, sometimes you will get headaches, occassionally bad migraine headaches, a whole laundry list of symptoms all because you wanted to smoke that cigarette. right about now when you ask people if smoke was worth it, worth what its costing them now 99% say no they wished they had never smoked...oops, too late now


Trending Questions
Stages of voice production? The basic economic argument for greater income equality is that Question 5 answers an equal distribution of income is the logical outcome of any tax-transfer program because citizens enjoy po? Characteristic of the economic theory of mercantilism? What is the difference between a single purpose entity and a special purpose entity, and how does their distinct nature impact their respective roles in business operations? Who proposed a plan to provide massive economic aid to Europe? Which products supply could be elastic in the short run? Which of these terms describes the decisions and strategies the US makes that involve other nations? When Taking damaged goods from a company without asking is all right? Why devalue its currency? What is the meaning of reinurance premium ceded? What is it called when all of the prices go up during a recession? The resources that contribute to the creation of wealth are? What does MFA in terms of international trading? What is meant by an 'increase in real GDP by 2 percent '? What kind of farming based on an agreement between a person who owns land and tools and a person who does the work in return for a portion of the crop? Why did the Great Crash represent a hallmark in the U.S. business cycle? Why are property rights so important for markets to function effectively? The purchase of items such as diamonds furs and excessively large homes for the purpose of showing financial wealth is and example of what? What role do international and foreign investment play in solving some of the problems identified in the big push model? How do you re-phase Flexible with ability to readily adapt to the demand of the job?