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Why is elasticity important?
Because it shows how the market reacts to the change in price. therefore, companies would have to look at elasticity before they change their price. Governments also look at elasticity when changing tax rate to get the highest tax revenue possible.
What are different types of elasticity?
The elasticity of demand refers to how sensitive the demand for a good is to changes in other economic variables. The different types are: price elasticity, income elasticity, cross elasticity and advertisement elasticity.
What are the 3 types of elasticity?
1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand
If the elasticity of demand is equal to one then the demand is?
Unitary elasticity is when the price elasticity of demand is exactly equal to one.
What are importance of elasticity of demand in economics?
Importance of elasticity in economics
Which is more elastic metal or rubber?
ofcource, metal because it has more regaining property as compared to rubber. according to elasticity -- the body which reform to its original shape or size fast contains maore elasticity.................
Is cesium a conductor of electricity and heat?
yes it is good conductor of elasticity because it is a metal.
Is cesium a conductor of heat of electricity?
yes it is good conductor of elasticity because it is a metal.
Why is elasticity important?
Because it shows how the market reacts to the change in price. therefore, companies would have to look at elasticity before they change their price. Governments also look at elasticity when changing tax rate to get the highest tax revenue possible.
Which type of factor does the speed of a sound in a material depend?
There are two factors if it is a metal. Those are elasticity and density.
Why do sound waves travel faster through metal than air?
velocity of sound is proportional to modulus of elasticity of the medium. Metals have greater modulus of elasticity compared to that of air. Hence the result
Transition metal with the highest melting point?
Tungsten is the metal with the highest melting point.
Which non-metal has the highest density?
The non-metal with the highest density is iodine, with a density of 4.92 grams per cm**3.
Which metal has the highest specific heat capacity?
No. Metals have a relatively low specific heat.
What metal is the celect ivc filter made of?
It is made of conichrome. Conichrome has a modulus of elasticity very similar to that of stainless steel.
Who is the highest paid metal band?
Metallica
What is the metal with the highest boiling point?
Metal can boil. Highest metal boiling point is tungsten.The boiling point of Tungsten (W) is 5,828 K, 5,555 °C or 10,031 °F
