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.
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.
1)price elasticity of demand 2)income elasticity of demand 3)cross 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.
Unitary elasticity is when the price elasticity of demand is exactly equal to one.
Waves will have their highest speed when they are traveling through a medium with the lowest resistance, such as in a vacuum for electromagnetic waves or in a material with high elasticity for mechanical waves. The speed of waves is determined by the properties of the medium they are traveling through, such as density and elasticity.
yes it is good conductor of elasticity because it is a metal.
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.
Sound travels slower through stone compared to metal. This is because stone has a lower elasticity and density than metal, which causes the sound waves to propagate more slowly through it. Metal, with its high elasticity and density, allows sound waves to travel faster.
No. Metals have a relatively low specific heat.
There are two factors if it is a metal. Those are elasticity and density.
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
The non-metal with the highest density is iodine, with a density of 4.92 grams per cm**3.
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
Metallica
Ruthenium and Osmium both show the oxidation state of +8, which is highest known for any single metal ion.
Silver has the highest electrical conductivity among metals.