What type of demand does a person who has high cholesterol, and must exercise for an hour every day, have for exercise equipment?    A. unit elastic  B. elastic  C. perfectly elastic  D. inelastic

Q: lists of products and services eith more demand of elasticity

A: A commodity's PED(price elasticity of demand) is a proportion of how delicate the amount demanded of…

Q: How do I know if a product is elastic or inelastic? How can I determine how elastic or inelastic it…

A: Elasticity of a product measures its responsiveness to the change in the level of price(P). It is…

Q: Explain why the coffee shop manager should measure elasticity using the mid-point method in…

A: Midpoint method of calculating the elasticity consider the average quantity and average price while…

Q: The price elasticity of demand for strawberries is 0.5. If the quantity of strawberries demanded…

A: We have given that the price elasticity of demand for strawberries is 0.5 The quantity demanded…

Q: Work out the price elasticity of demand for each and comment on your result. You must also do a…

A: Elasticity is computed by the following formula  Elasticity = % change in quantity demanded /…

Q: what is elastic. Trying to figure out if coffee is elastic or inelastic

A: Elastic demand: Elastic demand is the proportionate change in demand for the goods and services that…

Q: When the price of cheddar cheese increases 15%, quantity demanded decreases 15%. The price…

A: Answer: Option 'a' is the correct answer, which means the price elasticity of demand for cheddar…

Q: Why do these goods have the elasticity that they do? Inelastic Coffee, Elasticity: 0.25 Elastic…

A: Income elasticity of demand measures the responsiveness in quantity demanded of a commodity to a…

Q: Suppose you could buy shoes one at a time, rather than in pairs. What do you predict the cross-price…

A: According to question one can purchase only one shoe at a time either left shoes or the right shoes.…

Q: write at least 15 differences of Elasticity and slope.

A: {"Elasticity of demand"} ED of a good is the response in the demand(DD) of the commodity as the…

Q: How to know whether to use point elasticity or arc elasticity

A:

Q: would it be elastic or inelastic if a person spent 75cents per day for a candy bar regardless of the…

A: Elasticity is the measurement of the percentage change in consumer demand due to the change in the…

Q: How is elasticity measured?

A: Elasticity is an economics term that describes how responsive one variable is to changes in another.…

Q: Give an example of an Inelastic product, what makes it inelastic? What can make it become elastic?

A: Elasticity is a term used in business to describe the extent to which a change in a product's…

Q: if the change in the price is 10percent and the value of elasticity is 0.5 then calculate how much…

A: Given information, Percentage change in price: 10 The value of elasticity: 0.5 To find: percentage…

Q: Is elasticity of demand of 2.5 high or low?

A: Elasticity of demand (Ed) measures the responsiveness of quantity demanded, to a given change in…

Q: Describe elasticity effects as it relates to services such as health care,higher…

A: Meaning of Price Elasticity of Demand: Price elasticity of demand refers to the extent of change…

Q: Evaluate how a firm is able to estimate whether they are selling elastic or inelastic

A: Price elasticity of demand can be defined as the ratio of the change in percentage of quantity…

Q: What is the nature of elasticity?

A: Elasticity is an economic measure of how sensitive an economic factor is in response to another…

Q: Price of beef increases by 12% and the quantity of beef demanded falls by 10%. Calculate the…

A: Elasticity of Demand: Elasticity of Demand is the degree of responsiveness of demand to changes in…

Q: a. You are using a low quality mobile phone which costs low and you can afford it within your…

A: Note: Since you've asked multiple question, we will solve the first question for you. If you want…

Q: why is the concept of elasticity important

A: The concept of elasticity is widely used in making economic analysis when two goods are related to…

Q: Why might your estimate of elasticity be inaccurate?

A: Many factors determine the demand elasticity for a product, including price levels, the type of…

Q: P, ($) D IN M 2000 4000 6000 Q. 8000

A: Price elasticity of demand determines the percentage by which quantity demanded changes when price…

Q: Can you explain the difference between an elastic and inelastic product?

A: To differ between the two product types in question, the understanding of the concept of elasticity…

Q: importance of Elasticity

A: Elasticity is a tool that is used to measure the percentage change in one variable due to the change…