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Importance of elasticity of demand?
It is important because if a company doesn't understand their product's elasticity of demand, they are screwed!
How does college education impact price elasticity?
because education is so important
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.
Why is elasticity an important concept for a business like beachfront properties?
Elasticity an important concept for a business like beachfront properties because it determines how much the value of the property could potentially fluctuate. If the price goes down, demand increases.
Explain why elasticity of demand is such an important concept to marketers who sell a commodity product?
Elasticity of demand is important to marketers because it helps them know the optimal price for the product. When a product is priced too high, the consumers may opt for a competitor's product.
Why was vulcanization important?
rubber was not very useful until vulcanisation was discovered . this process can improve its elasticity and strength .
What has the author A C Ugural written?
A. C. Ugural has written: 'Advanced mechanics of materials and elasticity' -- subject(s): Strength of materials, Materials, Elasticity, Mechanical properties 'Advanced strength and applied elasticity' -- subject(s): Strength of materials, Elasticity, Materials
Why was vulcanized rubber important?
rubber was not very useful until vulcanisation was discovered . this process can improve its elasticity and strength .
What is the tensile strength of twine?
The tensile strength of twine is influenced in its determination by Hooke's law of Elasticity F = -kx.
Importance of elasticity of demand?
It is important because if a company doesn't understand their product's elasticity of demand, they are screwed!
Does humidity affect the strength of rubber bands?
Humidity really has no effect on the strength of rubber bands, but temperature does. Heat and cold affects the structure, strength, and elasticity of rubber bands.
What does collagen provide for the skeletal system?
Collagen is a protein that gives the bone flexibility, elasticity, and strength.
What does the term vulcanize mean?
To treat rubber with sulphur and heat thus providing greater strength and elasticity
What has the author W H Brooks written?
W. H. Brooks has written: 'Strength and elasticity of materials'
Why is price elasticity of demand important when a country is considering devaluation of its currency?
because it is important
What is Modulus of elasticity of brick wallsF?
Em = 700 f 'm for clay masonry per MSJC 1.8.2.2.1fm=???
Cast aluminum strength versus extruded aluminum?
Cast aluminum has one third of the strength of extruded aluminum. As a result, cast aluminum has the potential to experience deformities due to its elasticity.
