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What is the properties of matter of elasticity?
elasticity
The ability of a material to bounce back after being disturbed is called?
Elasticity
Is elasticity is the inability of a substance to stretch?
Elasticity can not and will not strecth
What is the effect of temperature on elasticity?
effect of temperature on elasticity
Does quartz show maximum elasticity?
Quartz' elasticity is maximum.
What changes the elasticity of rubber?
Temperture changes will affect the elasticity of rubber.
How is quantity affected by price changes?
supply elasticity
How useful are the concept of elasticity in running a business successfully?
By the concept of Elasticity in the context of running a business.. the best view is taken in the elasticity of demand. Goods and Services are either highly elastic or low elastic. A good with highly elastic demand will have higher changes to quantities demanded for relatively small changes in price. Whereas something with a lower elastic demand, will not have major changes in demand for a small change in price. So for example, the price of a diamond is highly elastic, a small change in say a fall of diamond prices will have a huge impact, whereas something like salt, an increase or decrease in price will not affect the amount demanded. Thats how useful the concept of elasticity is in running a business successfully.
Demonstrate the Relationship between elasticity and totoal revenue?
how government use the elasticity concept to genrate revenue
Why is elasticity of demand a fine theoretical concept of economists but difficult for marketers to use in practice?
it is what elasticity of demand
Why is elasticity an important concept for toll bridges?
It's not. A toll bridge can be rigid. Now if you were to ask the same and omit 'toll'..... bridges depending on type, need flexibility and elasticity for contraction and expansion during changes in ambient temperature and ground movement
What are different types of elasticity?
The elasticity of demand refers to how sensitive the demand for a good is to changes in other economic variables. The different types are: price elasticity, income elasticity, cross elasticity and advertisement elasticity.
Why elasticity concept is required by managers?
Elasticity helps to find optimal production quantities and thus optimal profits.
What are the benefits of elasticity to government?
How can government benefit from the elasticity concepts? Analyse the various economic policies which will benefit from the concept.
Uses of cross elasticity of demand?
Cross elasticity in economics, also referred to as cross-price elasticity is used to measure the changes of the demand of a certain commodity to the price changes of another good.
How income elasticity of demand is used?
the proportional changes in income to proportional changes in demnd.
Point elasticity of supply?
The point elasticity of supply is a measure of the rate of response of quantity demand due to a price change. The higher the elasticity, the more sensitive the sellers are to these changes.
