0

Subjects>Business>Economics

What kind of elastic demand does electricity belong?

Anonymous

∙ 14y ago

Updated: 12/9/2022

It depends on whether electricity is necessity or luxury.

In the US where electricity is a necessity, the demand is likely to be inelastic

In Africa where electricity is luxury, the demand is likely to be elastic

Wiki User

∙ 14y ago

What else can I help you with?

Continue Learning about Economics

What kind of demand is involved when change in price equals to percent change in quantity?

This is unit elastic demand. Elasticity measures how price responds to a given variable (in this case demand). If prices and demand move at the same rate you have unit elastic demand. Mathematically it means the ratio of price change to demand change is 1.

What kind of changes would be expected in the demand of a country that has a growing population?

rise in demand for shelter

What kind of changes would be expected in the demand of the country that has a growing population?

A raise in demand for shelter

What kind of demand is it when price increases?

-_- answer it yourself dork

What kind of relationship does demand have with prices?

the relationship demand has with prices is that when the demand for a product is high the prices go high as well, like gas and food....

Related Questions

In what kind of market is the price demand the most elastic?

Perfect Competition

What kind of demand is involved when change in price equals to percent change in quantity?

This is unit elastic demand. Elasticity measures how price responds to a given variable (in this case demand). If prices and demand move at the same rate you have unit elastic demand. Mathematically it means the ratio of price change to demand change is 1.

What kind of material it is very elastic?

Rubber bands

What kind of deformation leads to deformation?

elastic deformation

What tissue is in leg bone?

A kind of elastic tissue

What is one kind electricity?

Alternate Current is one kind of electricity.

What kind of energy is stored in elastic material?

Thermal Energy

What kind of electricity is lightning?

static electricity

What are the kind of demand?

There are three kinds of demand. 1. price demand 2. Income demand 3. cross demand.

How much does it cost to make a shoe laces?

$7.50 if there the elastic kind

What kind of potential energy is in a stretched spring?

Potential elastic energy

Is elastic a kind of potential energy that is stored in something that can stretch?

yes.

Trending Questions

How much 60us cents in euro? How much money revenue does Boeing bring to Washington state? What form of economy does Russia have? Which country would most decisions about what is going to be produced be made by the consumer? 50 Philippine Peso is equal to how many u s dollar? What was the incas primary income? What is the value of a lead penny? Why it might be advantageous to a developing country to assemble certain parts of some products rather than purchase completed set from oversea explain using business economic theory.? What are marginal seas? A volcano in a less economic developed country? What are the 3 real estate appraisal methods? What dose GDP stand for? On what two occupations does the economy of central America depend? Factors affecting the uneven distribution of minerals? What economic practices that existed under manorialism would not exist under capitalism? What is a Role of budgetary management in development economy? Who is responsible for monitoring the reserves of state member banks? Why people choose a busnisse as a major? How much one dollar in to peso? How much money do you start with in junior monopoly?

Resources

Top Categories

Product

Company

Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.