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What else can I help you with?
Do the mentally ill have perfectly inelastic demands for cigarettes and alcohol?
mentally ill have perfectly inelastic demands for cigarettes and alcohol
How would the demand curve of cigarettes?
Demand curve will be perfect inelastic
What is an example of an inelastic good?
A good is inelastic if after a 1% increase in price the quantity demanded falls by less than 1%. Essentials such as petrol tend to be inelastic as do addictive products such as cigarettes.
Why do governments usually tax products with relatively inelastic demands?
Governments typically tax products with relatively inelastic demands because consumers are less sensitive to price changes for these goods, meaning that demand remains stable even as prices rise. This allows governments to generate consistent revenue without significantly reducing consumption. Additionally, inelastic goods often include necessities, making it politically feasible to impose taxes without provoking widespread public backlash. Ultimately, taxing inelastic products maximizes revenue while minimizing the negative economic impact on consumption.
If the consumption for coffee go up 1 per cent and price of coffee would have to fall by 4 per cent is that become elastic or inelastic?
elastic
Is salt an elastic or inelastic product?
Inelastic
What concepts best describe the supply of housing?
Inelastic brainly agrees plus me
Is the price of any good inelastic or elastic?
The price elasticity of demand for a good can vary based on several factors, including the availability of substitutes, necessity versus luxury status, and the time frame considered. Goods that are necessities, like food and medicine, tend to have inelastic demand, meaning their consumption doesn't change much with price fluctuations. Conversely, luxury items or goods with many substitutes typically exhibit elastic demand, where price changes significantly affect consumption. Ultimately, whether a good is elastic or inelastic depends on consumer behavior and market conditions.
How do you determine if a collision was elastic inelastic or perfectly inelastic?
just check momentum before and after and if they're the same then elastic if not then inelastic.
What is inelastic?
Inelastic is something which is not flexible. You cannot stretch any inelastic product, whereas you can easily stretch the products which are flexible.There are two types of elasticities in economics.1. Elastic2. inelastic
Is bread elastic or inelastic?
Inelastic It is inelastic because it is a necessity, which is a factor that determines price elasticity, bread is a staple diet around the world which makes it a need and therefore a necessity which is inelastic.
Is the price and demand for junk food elastic or inelastic?
elastic
