price elasticity of demandis the responsiveness
Price Elasticity of Demand
Is the responsiveness of the quantity demanded to changes in price; its co-efficient is
Ped = Proportionate change in quantity demanded
Proportionate change in price
Expected delivery within 24 Hours
goals of the firmhow much is produced by a firm depends on its objectives a firm which aims to maximise its sales revenue for example will
factors influencing supply curvestate of technology there is a direct relationship between supply and technology improved technology
stable and unstable equilibriuman equilibrium is said to be stable equilibrium when economic forces tend to push the market towards it in other
definition of elasticityis defined as the ratio of the relative change of one dependent variable to changes in another independent variable or its a
price elasticity of demandis the responsiveness of the quantity demanded to changes in price its co-efficient isped proportionate change
types of price elasticity of demand a perfectly inelastic demanddemand is said to be perfectly inelastic if changes in price have no
factors determining elasticity of demand ease of substitution nature of the commodity ie whether it is a necessity of life luxury or addictive
practical importance of the knowledge of price elasticity of demandthe practical importance of the measures of elasticity of demand is to be
income elasticity of demandthe income elasticity of demand measures the degree of responsiveness of the quantity demanded of a product to changes in
1961475
Questions Asked
3,689
Active Tutors
1457447
Questions Answered
Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!
Question: If the boundaries between the family and the outside world are too rigid, the result is Group of answer choices
: I have a consult for social services I have a 23 year old female and a 2 year old infant male who has come in toddler male
Bernie, in a very early session of a counseling group, expresses emotions ranging from fear to anxiety, uncertainty to hope
Question: Which of the following is NOT assessed with a mental status exam?
Is a counselor doing harm by using intuition rather than using evidence-based practices and interventions?
Question: Based on theories of family interaction, KINSHIP NETWORKS can best be described as?
Question: One of the most important cultural values of the African-American family system is/are?