Web14 mrt. 2024 · Elasticity measures how demand shifts when economic factors change. When demand remains constant regardless of price changes, it is called inelasticity. Key … WebPrice elasticity for a good depends on the share of a consumer's budget spent on a good. Other things being equal, which of the following goods has the most elastic demand? 1.Computer 2. Salt 3. Laundry detergent Expert Answer 100% (5 ratings) Answer Option 1 Computer because 1. computer is more expensive and purchased … View the full answer
Elasticity of Supply of Different Products Economics tutor2u
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What Is Elastic Demand? Indeed.com
Web1 jan. 2024 · Price elasticity of supply is a measure of the sensitivity of (quantity) supplied of a good or service to a change in the price of that good or service. Overall, the supply of manufactured goods tends to be more price elastic than the supply of agricultural goods: Manufactured products WebThe price elasticity of demand for a good also depends on how you define the good. Organize the goods found in the following table by indicating which is likely to have the most elastic demand, which is likely to have the least elastic demand, and which will have demand that falls in between. Web8 jul. 2014 · SportPursuit uses Amazon Relational Database Service to store product, order, and customer data, and Amazon Simple Storage Service for backup and storage of around 1TB of data. ElastiCache is used for in-memory caching and Elastic Load Balancing provides load balancing. “We are using RDS database offering because it is MySQL-as-a … gas valve test water heater