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What else can I help you with?
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.
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
What is dimension of Coefficient of Elasticity?
The modulus of elasticity, or Young modulus, has dimensions of force per area In English system that is pounds per square inch; in metric system that is newtons per per square meter, or Pascals
