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It is 1. A value of 0 is perfectly inelastic, but examples of objects where it is 1 are hard to come by. (eg. 2 electrons colliding.)

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Q: What is the value of coefficient of restitution for the perfectly elastic body?
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If a demand for a product is elastic the value of the price elasticity coefficient is?

greater than one


What is the different between Perfectly inelastic supply and inelastic supply?

Perfectly elastic supply curve: The supply of a commodity will be perfectly elastic when its price remain constant but supply changes to any extent.The supply curve will be parallel to x axis.The numerical value of elasticity of supply will be infinity. Perfectly inelastic supply curve: The supply of a commodity will be perfectly inelastic when its supply remain constant but price changes to any extent.The supply curve will be parallel to y axis.The numerical value of elasticity of supply will be zero.


What is an example of a product which has a perfectly elastic demand?

One example is money. When one charges any value more than the face value of a piece of currency, the revenue drops to zero, because the value of the money given up by the consumer is larger than the value obtained. This means that no one would by your product, thus bringing revenue to zero. --> money is the example for highly elastic demand, isn't it?


Rise in gini coefficient leads to?

The Gini coefficient is a measure of equality expressed as a value between 1 and 0. 0 represents perfect equality and 1 represents perfect inequality. Therefore a rise in the Gini coefficient results in an increase in inequality.


What happens when the value is greater than one in elasticity?

it means that price is elastic. Price elastic means that a little change in the price will cause a substantial change in the quantity demanded.

Related questions

What is the value of coefficient of restitution for the perfectly plastic body?

the coefficient of restitution for the perfectly plastic body is zero(0). the coefficient of restitution for the perfectly elastic body is one(1).


Why the value of coefficient of restitution of a perfectly plastic impact is 0?

Physicists distinguish between elastic and inelastic (and partially elastic) collisions. If you mean "elastic", the coefficient of restitution is 1. If you mean "inelastic", the coefficient of restitution is 0.Why? Because that's how "elastic" and "inelastic" collisions are DEFINED. If all the kinetic energy is maintained, the coefficient (relative speed after collision, divided by relative speed before the collision) is 1 - i.e., no movement is lost. If it is zero, all the movement energy (relative speed) is lost.


If a demand for a product is elastic the value of the price elasticity coefficient is?

greater than one


What is the different between Perfectly inelastic supply and inelastic supply?

Perfectly elastic supply curve: The supply of a commodity will be perfectly elastic when its price remain constant but supply changes to any extent.The supply curve will be parallel to x axis.The numerical value of elasticity of supply will be infinity. Perfectly inelastic supply curve: The supply of a commodity will be perfectly inelastic when its supply remain constant but price changes to any extent.The supply curve will be parallel to y axis.The numerical value of elasticity of supply will be zero.


What is the average value of coefficient of velocity in a submerged orifice?

coefficient of velocity is 0.97 coefficient of discharge is varied from 0.80 to 0.64 coefficient of contraction is 0.64 thanks to me later .do your assignments


What is the coefficient of a term that consists of a single variable?

The numerical value that comes before the variable or, if none, the coefficient is 1.The numerical value that comes before the variable or, if none, the coefficient is 1.The numerical value that comes before the variable or, if none, the coefficient is 1.The numerical value that comes before the variable or, if none, the coefficient is 1.


What is an example of a product which has a perfectly elastic demand?

One example is money. When one charges any value more than the face value of a piece of currency, the revenue drops to zero, because the value of the money given up by the consumer is larger than the value obtained. This means that no one would by your product, thus bringing revenue to zero. --> money is the example for highly elastic demand, isn't it?


What is characteristic of coefficient?

A coefficient has a fixed value, unlike a variable in an expression.


What is the coefficient of 8x?

The coefficient is the numerical value attached to an unknown or a variable. Thus, the coefficient of 8x is 8.


Effects of having a coefficient in front of the absolute value?

A coefficient in front of the absolute value sign means to multiply that coefficient by the absolute value in the problem. For instance 3*ABS(-3) = 3*3 = 9.


Why the value of correlation coefficient is always between -1 and 1?

Why the value of correlation coefficient is always between -1 and 1?


Value of the sample correlation coefficient calculator?

It will be invaluable if (when) you need to calculate sample correlation coefficient, but otherwise, it has pretty much no value.