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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
Price inelasticity of demand?
The elasticity of demand is related to the slope of the demand curve, but is not the same. The steeper the demand curve is the more the consumers "must" have the good. Lifesaving medicine, for example, has a very steep demand curve because producers can raise the price without appreciably decreasing the quantity demanded. Goods like this are inelastic. Goods with many alternates, like potato chips, are elastic. If the price is raised, consumers will purchase alternates instead, like pretzels.
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
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.
When a rubber band is streched it has what kind of energy?
Elastic Potential Energy
