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What else can I help you with?
What product is more likely to have the MOST elastic demand curve?
Household electricity
Which most accurately describes how the equilibrium price of a good or a service can be determined?
By finding where the supply curve and the demand curve intersect.
Which the following most accurately describes how the equilibrium prices of a good or service can be determined?
By finding where the supply curve and the demand curve intersect.
What does the law of demand suggest that most demand curves will be?
The law of supply predicts the supply curve will be upward sloping.
Is supply more elastic in the short run than in the long run?
Most of them are more elastic in the long run,because all factors of production are variable,not fixed.
What product is more likely to have the MOST elastic demand curve?
Household electricity
Which most accurately describes how the equilibrium price of a good or a service can be determined?
By finding where the supply curve and the demand curve intersect.
Which the following most accurately describes how the equilibrium prices of a good or service can be determined?
By finding where the supply curve and the demand curve intersect.
Why the marginal revenues curve is always half of the demand curveexplain graphically and algebrically?
Firms in most cases opt to select prices in the elastic regions of their demand curve. This fact explains why marginal revenue curve is always below.
What does the law of demand suggest that most demand curves will be?
The law of supply predicts the supply curve will be upward sloping.
Is supply more elastic in the short run than in the long run?
Most of them are more elastic in the long run,because all factors of production are variable,not fixed.
Which of the following most accurately describes how the equilibrium price of a good or service can be determinedAsk us anything?
By finding where the supply curve and the demand curve intersect
How do you distinguish yield point and elastic limit?
On a stress strain curve the elastic limit is the point where the straight portion curve first starts to curve. When load is removed strain will return to zero. The yield point is a point on the curve just beyond the elastic limit. When load is removed strain will not return to zero. It will return approximately as a straight line parallel to the original, and have an offset strain value. The yield point offset is arbitrary but usually defined as 0.2% (.002 permanent strain) as most common strain devices can measure that amount.
What commodities have the most inelastic supply?
In the short run, most commodities have inelastic supply curves. In the long run, with increased investment, supply could become more elastic. I would hazard a guess that the radio - active isotopes used for nuclear fuel such as Uranium-235 have the most inelastic supply.
What commodities have the most inelastic?
In the short run, most commodities have inelastic supply curves. In the long run, with increased investment, supply could become more elastic. I would hazard a guess that the radio - active isotopes used for nuclear fuel such as Uranium-235 have the most inelastic supply.
How would you rank the following items from the least elastic (most inelastic) to the most elastic?
The ranking of elasticity from least elastic (most inelastic) to most elastic is as follows: necessity goods, luxury goods, and normal goods.
What is the ranking of the following products in order of elasticity of demand, from the least elastic to the most elastic?
The ranking of the products in order of elasticity of demand, from the least elastic to the most elastic, is as follows: necessity goods, luxury goods, and then substitute goods.
