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Do the mentally ill have perfectly inelastic demands for cigarettes and alcohol?
mentally ill have perfectly inelastic demands for cigarettes and alcohol
Is salt an elastic or inelastic product?
Inelastic
What are the different types of demands?
Inelastic Demand & Elastic Demand
A product that has few substitutes tends to be?
Inelastic
What is inelastic?
Inelastic is something which is not flexible. You cannot stretch any inelastic product, whereas you can easily stretch the products which are flexible.There are two types of elasticities in economics.1. Elastic2. inelastic
Do the mentally ill have perfectly inelastic demands for cigarettes and alcohol?
mentally ill have perfectly inelastic demands for cigarettes and alcohol
Is salt an elastic or inelastic product?
Inelastic
What are the different types of demands?
Inelastic Demand & Elastic Demand
A product that has few substitutes tends to be?
Inelastic
What is inelastic?
Inelastic is something which is not flexible. You cannot stretch any inelastic product, whereas you can easily stretch the products which are flexible.There are two types of elasticities in economics.1. Elastic2. inelastic
When the price of a product rises and the total revenue of sellers increase?
You have an inelastic product.
If the prices have a little effect on the quantity of a product demanded the product is said to have?
inelastic demand
What is meant by price inelastic?
Price inelastic means that the supply or demand of a product or service is unaffected by any changes in the price.
What does it mean if a product's demand is inelastic?
If a product's demand is inelastic, it means that changes in the price of the product do not significantly affect the quantity demanded by consumers. This indicates that consumers are not very responsive to price changes, and the demand for the product remains relatively stable.
If price changes have little effect on the quantity of a product demanded the product is said to have?
inelastic demand
Will a product tend to be elastic or inelastic if the purchase of a product can be delayed?
The product will tend to be elastic if the purchase of a product could possibly be delayed.
When two objects collide and completely stick together the collision is said to be inelastic True Or False?
True. In an inelastic collision, objects collide and stick together, resulting in a loss of kinetic energy.
