what is infinite elasticity?

   Related Questions in Microeconomics

  • Q : Annuity of the Perpetuity Dividing the

    Dividing the annuity of the perpetuity by the interest rate gives in the perpetuity’s: (w) rate of return. (x) present value. (y) internal rate of discount. (z) capitalization rate.

    Can someo

  • Q : Imposition of rent controls under

    The imposition of rent controls below equilibrium rental rates tends to create: (i) a housing surplus. (ii) booms of new apartment construction. (iii) declines in the quantity and upkeep of rental units. (iv) rising incomes for landlords. (v) enhanced

  • Q : Definitions of Poverty by Researchers

    Some researchers have attempted to define poverty: (1) as the lowest 20% of the income distribution. (2) through estimates of the fundamental needs for families having various characteristics. (3) by estimating the costs of the minimum caloric intake

  • Q : Experiencing the Diminishing Marginal

    James has watched a latest blockbuster film twice a week for the precedent three weeks and can now narrate most of the dialogue. He is probably starting to experience: (1) Disequilibrium. (2) Diminishing the marginal utility. (3) Diminished capacity. (4) Clinical depr

  • Q : Define money Money : Money is what

    Money: Money is what money does. Or Money is something that is accepted as a medium of exchange and at similar time act as a store of value.

  • Q : Occurrence of equilibrium output of firm

    Economists frequently suppose that equilibrium output for any firm arises where: (w) revenue is maximized. (x) revenue is rising. (y) profit is rising. (z) profit is maximized.

    Can someone explain/help me with best

  • Q : Elasticity of demand curve In which

    In which form of market, the demand curve is more elastic and why?

    Answer: Demand curve is more elastic under monopolistic since of the availability of close substitute.

  • Q : Revenue receipts treated as legally

    Which kind of revenue receipts are considered as legally compulsory payment imposed on people by the government? Give illustration also.

    Answer: Taxes imposed on th

  • Q : Excess supply for commodity When do we

    When do we state that there is an excess supply for the commodity in market?

    Answer: If at a given price the quantity supplied of a product surpasses its quantity d

  • Q : Economic losses generate competitive

    Economic losses in an industry generate competitive pressures which cause: (1) industry output to fall. (2) market price to decrease. (3) each firm’s short-run output to increase. (4) rising costs for industry inputs. (5) firms to expand product

2015 ©TutorsGlobe All rights reserved. TutorsGlobe Rated 4.8/5 based on 34139 reviews.