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Elasticity refers to the responsiveness of quantity demanded or quantity supplied to a change in price. It measures how much a buyer or seller will change their behavior in response to a change in price. Economically, it helps determine how sensitive consumers and producers are to fluctuations in market conditions.
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What property describes how a material bounces back after disturbed?
Elasticity
What is the ability to be stretched?
The ability to be stretched is referred to as elasticity. It describes the property of materials to return to their original shape and size after being stretched or deformed. Materials like rubber and certain types of metals exhibit high elasticity.
What is elasticity in science?
In science, elasticity is the tendency of a material to return to its original size and shape when it is released from being stretched or compressed. By this definition steel is more elastic than rubber.
Is elasticity constant or do different objects have different elasticities?
Elasticity depends upon the material of an object but also on environmental things such as pressure, temperature and humidity. You can try this yourself by taking two identical elastic bands and putting one on a heater for a while. You will notice a difference in elasticity!
Who is the discoverer of elasticity?
Robert Hooke is credited with first describing the concept of elasticity in 1678. He observed the behavior of springs and how they deformed and returned to their original shape. This led to the development of Hooke's Law, which describes the relationship between an object's deformation and the force applied to it.
What term describes the ability of a solid to return to its original shape?
That ability is known as elasticity.
Which term describes the ability of a solid to return to its original shape?
Elasticity describes the ability of a solid to return to its original shape after being deformed or stretched.
What property describes how a material bounces back after disturbed?
Elasticity
When to carry out hair elasticity test?
The best time to check the hair's elasticity is when it is wet.
What is the ability to be stretched?
The ability to be stretched is referred to as elasticity. It describes the property of materials to return to their original shape and size after being stretched or deformed. Materials like rubber and certain types of metals exhibit high elasticity.
What best describes reproduction?
what best describes asexual reproduction
What best describes a phrase?
which phase best describes a thesis
Which word describes you best?
The word that best describes me is special.
What best describes politics?
Which of these answers best describes Machiavellian politics?
What best describes poverty syndrome?
Which best describes the "poverty syndrome":
Price elasticity of demand in the marker place?
Price elasticity of demand is the responsiveness of quantity demanded of a good to a change in its price.Basically it describes how consumers react to a price change.The price elasticity of demand is calculated byPED= %Quantity demanded : % Change of Priceor in words: the percentage change in the quantity demanded divided by the percentage change in price
What single word best describes work?
Energy best describes work.
