Description
Please provide the different kinds of elasticities and some examples.
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Explanation & Answer
The different kinds are inelastic and elastic. Inelastic is when change of pricing doesn't effect the demand of a product such as medications, people will still buy it. Elastic is when pricing of a product effects the demand of the product such as meat. People will buy less because meat isn't a necessity and there are alternatives.
Completion Status:
100%
Review
Review
Anonymous
Really useful study material!
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Most Popular Content
7 pages
Supply Chain Strategy
Discuss the four major challenges facing supply chains that can be aided by IT: Many challenges are faced by supply chain ...
Supply Chain Strategy
Discuss the four major challenges facing supply chains that can be aided by IT: Many challenges are faced by supply chain which includes the lack of ...
FIN 402 SEU Financial Institutions and Markets Worksheet
Q1. What is the mission of a central bank? [1.5 Marks] Q2. What are the policy tools that central banks have? [1.5 Marks] ...
FIN 402 SEU Financial Institutions and Markets Worksheet
Q1. What is the mission of a central bank? [1.5 Marks] Q2. What are the policy tools that central banks have? [1.5 Marks] Q3. Explain how the Saudi Central Bank's response to Covid-19 helped the economy? [2 Marks]
Pure Monopoly
Pure Monopoly Review the narrated lecture below http://lectures.mhhe.com/narrated_slides/0078021758/chapter12/presentat ...
Pure Monopoly
Pure Monopoly Review the narrated lecture below http://lectures.mhhe.com/narrated_slides/0078021758/chapter12/presentation_html5.html Review Chapter 12 in the Microeconomics textbook. Review the video from Khan Academy on Monopoly https://www.khanacademy.org/economics-finance-domain/microeconomics/perfect-competition-topic/monopolies-tutorial/v/monopoly-basics Discuss the economic effects of monopoly. Be sure to include the following: 1. Monopoly price compared to the price of a competitive firm 2. Efficiency of resource allocation 3. Monopoly and its impact on large-scale production and unit cost of production
Your Product/Service and Monetary Policy, economics homework help
Your Product/Service and Monetary Policy Research the direction of monetary policy over the last 3-5 years and write a 1, ...
Your Product/Service and Monetary Policy, economics homework help
Your Product/Service and Monetary Policy Research the direction of monetary policy over the last 3-5 years and write a 1,050- to 1,400-word paper in which you answer address the following: Has the money supply increased or decreased? Explain. Have interest rates increased or decreased? Explain. Using the two macroeconomic indicators that reflect the strength of the economy you wrote about in Week 2, describe the impact of these monetary policies on the U.S. economy • Describe the impact of these monetary policies on your team's selected product or service. (TESLA is the company) I also attached the Wk2 paper. How has U.S. monetary policy affected the value of the U.S. dollar? Use a minimum of 3 peer reviewed sources not including your textbook.
85 pages
Apple Company S Annual Report
Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. x ANNUAL REPORT PURSUANT TO SECTIO ...
Apple Company S Annual Report
Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...
Similar Content
The University of Oklahoma Companies Can Achieve Competitive Advantage Discussion
4 pages please choose one questions only.do not answer all three questions (just one)be sp...
CSUN Economics capitalism and Socialism Questions
In Free to Choose, Milton Friedman makes the case that capitalism, i.e. free markets combined with governments that follow...
ECON 120 Cuyamaca College The Great Crash Video Discussion
Watch the above video. Once you have done this respond to the questions below. To receive full credit, please reply with a...
Select an economic problem for a policy recommendation, assignment help
Select an economic problem for a policy recommendation.
Write a six to eight (6-8) page paper modeled as a policy recomme...
What trade model will best explain the U.S /Chinese trade relations? Identify the winners and losers from trade.
Instructions: Write a double-spaced two-page paper on the following topic What trade model will best explain the U.S /Chi...
Ethical and Agency Issues International Banking Case Study
Pershing Square, Ackman and CP Rail:
A Case of Successful “Activism”?
__
Yvan Allaire, PhD (MI...
Fed Policy 2020
Through 2020 the interest rates have been falling as driven by the Federal Reserve. In the December 16, 2020 meeting the F...
Economics Questions
Moral Hazard and How It Can be used to Reduce Financial Crisis in Commercial Banking. In the past two decades, the banking...
Macro Economics
In each nation, unemployment has been one of the key factors in analyzing a country’s economic progress, however; in the...
Related Tags
Book Guides
Siddhartha
by Hermann Hesse
The Book Thief
by Markus Zusak
Milkweed
by Jerry Spinelli
Cat on a Hot Tin Roof
by Tennessee Williams
Into Thin Air
by Jon Krakauer
The Kite Runner
by Khaled Hosseini
Uncle Tom's Cabin
by Harriet Beecher Stowe
Where the Crawdads Sing
by Delia Owens
The Scarlet Letter
by Nathaniel Hawthorne
Get 24/7
Homework help
Our tutors provide high quality explanations & answers.
Post question
Most Popular Content
7 pages
Supply Chain Strategy
Discuss the four major challenges facing supply chains that can be aided by IT: Many challenges are faced by supply chain ...
Supply Chain Strategy
Discuss the four major challenges facing supply chains that can be aided by IT: Many challenges are faced by supply chain which includes the lack of ...
FIN 402 SEU Financial Institutions and Markets Worksheet
Q1. What is the mission of a central bank? [1.5 Marks] Q2. What are the policy tools that central banks have? [1.5 Marks] ...
FIN 402 SEU Financial Institutions and Markets Worksheet
Q1. What is the mission of a central bank? [1.5 Marks] Q2. What are the policy tools that central banks have? [1.5 Marks] Q3. Explain how the Saudi Central Bank's response to Covid-19 helped the economy? [2 Marks]
Pure Monopoly
Pure Monopoly Review the narrated lecture below http://lectures.mhhe.com/narrated_slides/0078021758/chapter12/presentat ...
Pure Monopoly
Pure Monopoly Review the narrated lecture below http://lectures.mhhe.com/narrated_slides/0078021758/chapter12/presentation_html5.html Review Chapter 12 in the Microeconomics textbook. Review the video from Khan Academy on Monopoly https://www.khanacademy.org/economics-finance-domain/microeconomics/perfect-competition-topic/monopolies-tutorial/v/monopoly-basics Discuss the economic effects of monopoly. Be sure to include the following: 1. Monopoly price compared to the price of a competitive firm 2. Efficiency of resource allocation 3. Monopoly and its impact on large-scale production and unit cost of production
Your Product/Service and Monetary Policy, economics homework help
Your Product/Service and Monetary Policy Research the direction of monetary policy over the last 3-5 years and write a 1, ...
Your Product/Service and Monetary Policy, economics homework help
Your Product/Service and Monetary Policy Research the direction of monetary policy over the last 3-5 years and write a 1,050- to 1,400-word paper in which you answer address the following: Has the money supply increased or decreased? Explain. Have interest rates increased or decreased? Explain. Using the two macroeconomic indicators that reflect the strength of the economy you wrote about in Week 2, describe the impact of these monetary policies on the U.S. economy • Describe the impact of these monetary policies on your team's selected product or service. (TESLA is the company) I also attached the Wk2 paper. How has U.S. monetary policy affected the value of the U.S. dollar? Use a minimum of 3 peer reviewed sources not including your textbook.
85 pages
Apple Company S Annual Report
Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. x ANNUAL REPORT PURSUANT TO SECTIO ...
Apple Company S Annual Report
Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...
Earn money selling
your Study Documents