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What is the difference between a perfectly elastic and a perfectly inelastic demand curve in economics?
A perfectly elastic demand curve means that the quantity demanded changes infinitely with a change in price, while a perfectly inelastic demand curve means that the quantity demanded remains constant regardless of price changes.
What of a substance remains constant regardless of where you go in the universe?
The speed of light remains constant regardless of where you are in the universe.
What is the same regardless of gravity?
It is the "mass" of a body which always remains same, regardless of gravity.
What characteristics of an object remains constant regardless of a change in gravity?
The mass of an object remains constant regardless of a change in gravity. This means that an object will have the same amount of matter whether it is on Earth, the Moon, or in space.
Does the speed of a split phase motor changes appreciably with a change in the applied voltage?
The speed of a split-phase motor is directly proportional to the frequency of the power supply, not the voltage. As long as the frequency remains constant, the speed of the motor will remain relatively stable regardless of minor fluctuations in voltage within normal operating limits.
Show a demand curve illustrating price inelastic demand and explain how the curve relates to the definition of price elasticity of demand?
See the related link. A perfectly inelastic demand would be a line straight up and down. That would show that demand is constant regardless of the price.
When is the price elasticity of supply zero?
The price elasticity of supply is zero when the quantity supplied does not change in response to a change in price. This situation occurs in the case of perfectly inelastic supply, where producers are unable to alter their output regardless of price fluctuations. An example is a unique natural resource or a limited-edition artwork, where supply remains constant despite changes in demand or price.
What is the difference between a perfectly elastic and a perfectly inelastic demand curve in economics?
A perfectly elastic demand curve means that the quantity demanded changes infinitely with a change in price, while a perfectly inelastic demand curve means that the quantity demanded remains constant regardless of price changes.
When a demand of a commodity remains constant even after a big change in its price then demand is known as?
Inelastic
What of a substance remains constant regardless of where you go in the universe?
The speed of light remains constant regardless of where you are in the universe.
What is the different between Perfectly inelastic supply and inelastic supply?
Perfectly elastic supply curve: The supply of a commodity will be perfectly elastic when its price remain constant but supply changes to any extent.The supply curve will be parallel to x axis.The numerical value of elasticity of supply will be infinity. Perfectly inelastic supply curve: The supply of a commodity will be perfectly inelastic when its supply remain constant but price changes to any extent.The supply curve will be parallel to y axis.The numerical value of elasticity of supply will be zero.
What is demand when the coefficient of price elasticity of demand is zero?
When the coefficient of price elasticity of demand is zero, it indicates that demand is perfectly inelastic. This means that consumers will purchase the same quantity of a good or service regardless of any changes in its price. In such cases, the quantity demanded remains constant, as the good is considered a necessity with no close substitutes. Examples of perfectly inelastic demand often include essential medications or life-saving products.
Is the services that UPS provide elastic or inelastic?
The services that UPS provides are generally considered inelastic. This is because many customers rely on timely and reliable shipping for essential goods, making them less sensitive to price changes. For businesses and individuals with urgent delivery needs, the demand for UPS's services remains relatively constant despite fluctuations in pricing. However, certain segments may exhibit more elasticity, particularly for non-essential or luxury shipping options.
What are the signs of fibroid tumors?
constant bleeding regardless of medication.
Costs and expenses that tend to remain constant in total regardless of variations in volume of activity?
cost and expense that tend to remain constant in total regardless of variations in volume of activity are termed?
The difference between a elastic and inelastic demand?
Elastic demand changes according to some other factor. The demand for holdiay trees is elastic throughout the year because there is only damand during the winter season. Inelastic demand is constant. As you might have guessed, the demand for gasoline is inelastic because most families need a constant supply. Even during the so-called summer driving season, the uptick in demand is going to remain the same, unless prices cause what is called "demand destruction." This is what happened during 2009.
Who was the first person to calculate the mathematical constant pi?
The first person to calculate the mathematical constant pi was the ancient Greek mathematician Archimedes.
