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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!
Why is determining demand elasticity important in economics?
What are the determined factors of price elasticity of demand
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.
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!
What role does the molecular structure of hair play in determining its strength and elasticity?
The molecular structure of hair, specifically the arrangement of proteins called keratin, determines its strength and elasticity. The more organized and aligned the keratin molecules are, the stronger and more elastic the hair will be. Disruptions in this structure, such as from heat or chemical damage, can weaken the hair and reduce its elasticity.
What does collagen provide for the skeletal system?
Collagen provides structural support and strength to the skeletal system by forming the framework for bones and joints. It helps to maintain bone density and strength, as well as contribute to the elasticity and flexibility of joints, tendons, and ligaments.
Does humidity affect the strength of rubber bands?
Yes, humidity can affect the strength of rubber bands. High humidity can cause rubber bands to absorb moisture which may decrease their strength and elasticity. Conversely, low humidity can cause rubber bands to dry out and become brittle, also affecting their strength.
What has the author W H Brooks written?
W. H. Brooks has written: 'Strength and elasticity of materials'
What is the difference between modulus of elasticity and yield strength in materials testing?
The modulus of elasticity measures a material's stiffness and ability to return to its original shape after being deformed, while yield strength indicates the maximum stress a material can withstand before permanent deformation occurs.
Does temperature effect the strength of a rubber band?
Yes, temperature can affect the strength of a rubber band. Extreme cold temperatures can make rubber bands more brittle and prone to breaking, while extreme heat can cause them to soften and lose elasticity. It is important to store rubber bands in a moderate temperature to maintain their strength and flexibility.
Why is price elasticity of demand important when a country is considering devaluation of its currency?
because it is important
