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Why is the long-run supply curve of rent controlled apartments typically more elastic than the short-run supply curve?
The long-run supply curve of rent-controlled apartments is typically more elastic than the short-run supply curve because, over time, landlords can adjust their supply more effectively in response to changes in market conditions. In the short run, landlords face immediate constraints such as existing lease agreements and the inability to quickly change their properties. However, in the long run, they can make decisions such as converting units to other uses, investing in maintenance, or selling properties, allowing for greater flexibility and responsiveness to market signals. Consequently, the long-run supply of rent-controlled apartments is more sensitive to changes in demand and other economic factors.
What else can I help you with?
What will be the total higher quantity do in the elastic inelastic and unit-elastic?
The midpoint between elastic and inelastic is unit elastic
What are the types of supply elasticity?
Types of elasticity of supply1) Perfectly elastic supply2) Relative elastic supply3) Unitary elastic supply4) Relatively in elastic supply5) Perfectly in elastic supply
Is fruit elastic or inelastic demand?
elastic
Difference between elastic and non elastic gel?
Elastic materials bounce back, while a non-elastic material will remain deformed if you poke it.
Would 5.0 be elastic or inelastic?
5.0 would be elastic. Anything above 1.0 is considered elastic.
Is elastic made from oil?
Elastic is typically made from synthetic materials like rubber or spandex, which can be derived from petroleum products. So, indirectly, elastic can be linked to oil through its production process.
What are the units for elastic modulus?
The units for elastic modulus are typically expressed in pascals (Pa) or newtons per square meter (N/m2).
What are the units of elastic modulus?
The units of elastic modulus are typically measured in pascals (Pa) or newtons per square meter (N/m2).
What is elastic energy measured in?
Elastic energy is typically measured in joules (J), which is the standard unit of energy in the International System of Units (SI).
What is the difference between Elastic gel and non elastic gel?
Elastic gels have the ability to return to their original shape after being stretched or deformed, while non-elastic gels do not have this property. Elastic gels exhibit more resilience and are typically used in applications where repeated deformation is expected, such as in sports equipment. Non-elastic gels are often used for cushioning or absorbing impact.
Is sulfur elastic?
Sulfur is not typically considered elastic because it is a brittle material at room temperature. It can break or shatter when subjected to stress rather than deforming and returning to its original shape like an elastic material would.
What are the units of measurement for the elastic modulus?
The units of measurement for the elastic modulus are typically expressed in pascals (Pa) or newtons per square meter (N/m2).
What materials are in a elastic band?
Elastic bands are typically made from rubber or latex materials, which give them their stretchy properties. Some elastic bands may also contain synthetic materials like polyester or nylon for added durability.
Is elastic is made of oil?
Elastic is typically made from a synthetic rubber called polyurethane, not oil. However, oil-based products are used in the production of synthetic rubber, so technically there is some connection to oil in the manufacturing process of elastic.
What material is elastic made of, and why is latex commonly used in its production?
Elastic is typically made of rubber or a synthetic material like spandex. Latex is commonly used in elastic production because it is stretchy, durable, and resistant to wear and tear, making it ideal for creating flexible and long-lasting elastic products.
Can i have a list of elastic limits of some objects?
Sure, here are some common objects and their elastic limits: Rubber band: typically stretches 2-4 times its original length before reaching its elastic limit. Metal spring: will deform plastically if stretched beyond its elastic limit, which is typically around 70-80% of its original length. Human hair: can stretch up to 30% of its original length before reaching its elastic limit and breaking. Remember, these values can vary depending on the specific material and its condition.
What is elastic made of?
Elastic is typically made of rubber or latex materials that can stretch and return to their original shape. These materials are combined with other fibers, such as polyester or cotton, to create various elastic products like bands, cords, and threads.
