Less elastic goods or services have fewer substitutes available, making consumers less likely to switch to another option when the price changes. These goods are typically necessities or items that are unique in some way. Additionally, less elastic demand means that price changes have a smaller impact on the quantity demanded.
Yes, rigidity is a factor in elastic energy. The amount of elastic energy stored in a material is directly related to its rigidity or stiffness. Higher rigidity materials can store more elastic energy when deformed compared to less rigid materials.
The elastic modulus is a measure of a material's stiffness. It quantifies how much a material will deform under stress. A higher elastic modulus indicates a stiffer material, meaning it will deform less when subjected to a force.
Cold temperatures can affect the elasticity of rubber in elastic bands, making them stiffer and less flexible. Extreme cold can cause the rubber to become brittle and more prone to breaking. It's best to store elastic bands in moderate temperatures to maintain their elasticity.
Water is considered more elastic than air because it has a higher density and incompressibility, allowing it to resist deformation more effectively. This property is due to the tight molecular structure of water, which makes it less likely to compress or expand compared to the molecules in air.
"Flexibility" is one word that encompasses both elastic and non-elastic properties.
Ipods are elastic. When the price drops people buy more, when it rises people buy less.
Presbyopia
A monopolistic competitor's demand curve is less elastic than apure competitor's which is less elastic than a pure monopolist's.
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Yes, rigidity is a factor in elastic energy. The amount of elastic energy stored in a material is directly related to its rigidity or stiffness. Higher rigidity materials can store more elastic energy when deformed compared to less rigid materials.
It is false that the steeper the demand curve the less elastic the demand curve. The steeper line is used in economics to indicate the inelastic demand curve.
A weaker spring is more elastic because due to it becoming older by the passage of time. A weaker spring is more elastic because due to it becoming older by the passage of time.
all materials are more or less elastic in nature,when external force is applied it may be deformed.so it is essential to elastic property of steel while designing a building.
Because blood in veins is under lower pressure than in arteries, so they do not need as many collagen fibres. In addition, as veins already have a wide diameter, they do not need to dilate that much hence they also dont contract that much (as opposed to artieries), so they have less elastic recoil, thus they have less elastic fibres. :)
The elastic modulus is a measure of a material's stiffness. It quantifies how much a material will deform under stress. A higher elastic modulus indicates a stiffer material, meaning it will deform less when subjected to a force.