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What else can I help you with?
What was the major reason for the decrease in the number of psycho surgeries performed?
Laws prohibited the procedure. (don't hold me to that answer!)
What happens to the price of a good in a market with perfectly inelastic supply when there is a decrease in demand for that good?
In a market with perfectly inelastic supply, the price of a good will not change when there is a decrease in demand for that good.
What economic changes will decrease household expenditures?
Deflation
When is demand inelastic?
When a reduction in price results in a decrease in total revenue.
A price decrease will cause total revenue to fall if?
demand is inelastic
If aggregate planned expenditures are greater than total production?
GDP will decrease
How would a decrease in total expenditures affect the nation's economy?
it causes a recession
What happens to the total energy in an inelastic collision?
In an inelastic collision, some of the total energy is transformed into other forms such as heat or sound, resulting in a decrease in the total energy of the system.
Why would a government tax on cigarettes be an ineffective method to decrease consumption of cigarettes if demand for cigarettes is inelastic?
Because cigarettes are a inelastic item, and when something is inelastic, people are going to buy it no matter if the price changes or not. Inelastic= necessity item Necessity item= people will always buy even when the price increases
If a price change causes the quantity demanded of a good to decrease by 30 percent while total revenue of that good increases by 15 percent is the demand curve elastic or inelastic?
inelastic
In order for a price decrease to increase revenue which of the following must be true A. Demand must be elastic B. Demand must be inelastic. C. Demand must be unit elastic D. Supply must be inelastic?
A)
What is inelastic momentum?
Inelastic momentum refers to a situation where momentum is not conserved during a collision between two objects. In an inelastic collision, kinetic energy is not conserved, and some of the initial kinetic energy is transformed into other forms of energy such as heat, sound, or deformation. This results in a decrease in the total kinetic energy of the system after the collision.
