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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
How do you calculate the quantity demanded when the elasticity is given?
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.
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.
When will waves have the highest speed?
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.
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 material does sound travel slowest through stone or metal?
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.
Which metal has the highest specific heat capacity?
No. Metals have a relatively low specific heat.
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
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.
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
Who is the highest paid metal band?
Metallica
Name the metal that has highest oxidation?
Ruthenium and Osmium both show the oxidation state of +8, which is highest known for any single metal ion.
Which metal has the highest electrical conductivity?
Silver has the highest electrical conductivity among metals.
