The price elasticity of bathing soap is 1, (a one-percentage change).
in oligopoly what is the nature of price elasticity
price elasticity is the degree of responsiveness of demand or supply to a small change in price.
price elasticity=%change in quantity divided by %change in price it's inelastic when the absolute value of price elasticity is between 0 and 1
distinguish between price elasticity of demand and income elasticity of demand
To calculate the quantity demanded when the elasticity is given, you can use the formula: Quantity Demanded (Elasticity / (1 Elasticity)) (Price / Price Elasticity). This formula helps determine the change in quantity demanded based on the given elasticity and price.
what is the difference between toilet soap and bathing soap?
in oligopoly what is the nature of price elasticity
yes
price elasticity is the degree of responsiveness of demand or supply to a small change in price.
price elasticity=%change in quantity divided by %change in price it's inelastic when the absolute value of price elasticity is between 0 and 1
There must be a change in the price to calculate the price elasticity. Elasticity depends on the changes in the demand of a good or service based on the change in the price of a good or service.
distinguish between price elasticity of demand and income elasticity of demand
To calculate the quantity demanded when the elasticity is given, you can use the formula: Quantity Demanded (Elasticity / (1 Elasticity)) (Price / Price Elasticity). This formula helps determine the change in quantity demanded based on the given elasticity and price.
Nicolas Leblanc
theriyathu
Washing soap has more of caustic soda in it, to take up the dirt at higher pH. However bathing soap has either less or zero soda, to avoid skin irritation
Washing soap is typically used for cleaning clothes and household items due to its stronger cleansing properties, while bathing soap is specifically formulated for cleansing the skin without drying it out. Bathing soap often contains moisturizing ingredients to help keep the skin hydrated.