0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What if income-elasticity coefficient is negative?
an elasticity of coefficient of -1 means what
What does it mean if the price elasticity of demand is 2?
It's an elasticity coefficient of demand: deltaD/deltaP When the coefficient is >1 it is an elastic demand When the coefficient is <1 it is a nonelastic demand
A cross elasticity of demand coefficient of plus 2.5 indicates that the two products are substitutes?
True or False: A cross elasticity of demand coefficient of +2.5 indicates that the two products are substitutes.
Coefficient of elasticity how many types?
As many types as variables are used to calculate the elasticity. Elasticity is simply a relationship between rates of change of variables in equations.
If a demand for a product is elastic the value of the price elasticity coefficient is?
greater than one
What if income-elasticity coefficient is negative?
an elasticity of coefficient of -1 means what
What does it mean if the price elasticity of demand is 2?
It's an elasticity coefficient of demand: deltaD/deltaP When the coefficient is >1 it is an elastic demand When the coefficient is <1 it is a nonelastic demand
Coefficient of a materials elasticity?
Youngs Modulus
What is the coefficient of a material's elasticity called?
Young's Modulus
What is the coefficient of a materials elasticity?
Young's modulus
A cross elasticity of demand coefficient of plus 2.5 indicates that the two products are substitutes?
True or False: A cross elasticity of demand coefficient of +2.5 indicates that the two products are substitutes.
Coefficient of elasticity how many types?
As many types as variables are used to calculate the elasticity. Elasticity is simply a relationship between rates of change of variables in equations.
If a demand for a product is elastic the value of the price elasticity coefficient is?
greater than one
Are two goods complements if the cross-elasticity coefficient is negative?
Cross Elasticity Coefficient is defined as when the price of a particular commodity rises how is the demand of another commodity changing. If the goods are complements like say for example petrol and petrol driven cars, if there is a price hike in petrol then demand for petrol cars would fall. Hence a negative cross elasticity of coefficient. On the other hand the demand for deisel cars would rise (given the deisel prices are constant) because they serve as substitutes, and will have a positive cross elasticity.
Why stres is directly proportional to strain?
Yeah, according to the Hooke's law of elasticity,the stress is proportional to the strain within elastic limit that is Stress ∝ Strain or Stress/Strain = constant. [The constant of proportionality is called as "modulus of elasticity" or "coefficient of elasticity".]
Which type of goods is most adversely affected by recessions?
Goods for which the income-elasticity coefficient is relatively high and positive
Why does the sign of the price elasticity coefficient become negative?
Well if that is... no ones knows But i do know that im awesome and jww is cool
