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What is difference between perfect competition and oligopoly?

the difference between perfect and imperfect oligopoly


What is the difference between elasticity and inelasticity of demand?

Inelasticity is a good that you will buy nomatter the price change. Elasticity is when the price of a product increases demand for the product will decrease.


What is the difference that exists between arc elasticity of demand and point elasticity of demand?

Arch elasticity demand is the percentage change in one variable divided by the percentage change in another variable, it calculates the elasticity over a range of values, while point elasticity of demand uses differential calculus to determine the elasticity at a specific point


What possesses perfect fluid elasticity?

Nothing, probably.


Difference between arc and point elasticity?

1) Point elasticity is measured by the ratio of the lower segment of the curve below the given point to uppa segment the super part of the curve above the point. 2) Arc elasticity is measured by the use of mid point between the old & the new figures in the case of both prine and qualitiy demonded.


Distinguish between price and income elasticity of demand?

distinguish between price elasticity of demand and income elasticity of demand


The difference of elasticity and flexibility?

Elasticity refers to the ability of a material to regain its original shape after being stretched or deformed. Flexibility, on the other hand, refers to the ability of a material to bend or be easily shaped without breaking. In essence, elasticity focuses on how well a material can bounce back, while flexibility is about how easily a material can bend or change shape.


Is there a difference between a perfect square and a square?

No, but a perfect square is usually the square of a whole number.


What is the difference between perfect competion and imperfect competion?

perfect competion is a situation where the are many suppliers in the field


What is difference between slope and the calculation of elasticity for a linear demand curve?

Along a linear demand curve elasticity varies from point to point of the demand curve with respect to different price, but slope is constant


What is the difference between income elasticity demand and price elasticity demand?

price elasticity is the degree to which demand for a good will change relative to a change in the price of that good. Income elasticity is the degree to which demand for a good will change relative to a change in the spending power of the consumer. it is the percentage change in quantity demanded/percentage change in price.


What is the difference between used to and past perfect continues?

Past tense