Define the inelastic demand
Define the inelastic demand.
Expert
Perfectly inelastic demand:
In this case, even a huge change in price fails to bring regarding a change in quantity demanded. It is the change in price will not influence the quantity demanded and quantity remains similar whatever the change in price. Now there demand curve will be vertical line as given and ep= 0.
States the Welfare Definition in economics?
Illustrates the responsibilities of managerial economists?
What are the scopes of managerial economics?
Define the consumer psychology and pricing and affecting elements.
Illustrates the relation between Average Revenue, Total Revenue and Marginal Revenue?
Categories the cost concept of business operation and decision making?
Explain the assumptions of Law Diminishing Returns.
Illustrates the definition and meaning of managerial economics?
Electrical utility is offering a security, known as zero coupon bond for sale. The terms of the security are investors pay 2337.57 today to purchase the security and the utility will pay the owner of the security 10000 in ten years time. The government is offering a similar security; except that thi
Explain the Exceptional Demand Curve.
18,76,764
1959491 Asked
3,689
Active Tutors
1416310
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!