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AKA Infinite elasticity of demand. Means a change in price will not effect quantity demanded. Such as necessary goods/services to survival.
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∙ 14y ago
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What is perfect elastic demand give some example?
no
Under perfect competition is average revenue curve elastic or inelastic?
Under Perfect Competition the demand curve is perfectly elastic. I don't know if that helps but it might
What is the mathematical definition of perfectly elastic demand?
If ep = dQ/dP.P/Q = infinity, the demand is perfectly elastic.
What is the definition of perfectly elastic supply?
The definition of perfectly elastic supply is a supply that can change along with the demand. This means if paper for example is not demanded in large quantities and then all of the sudden is there will be enough paper to supply the demand.
How could coal have perfect elastic demand?
It could be perfectly elastic if the population demanded whatever can be supplied of coal at one price and no other. Its elasticity would have to be infinite.
Definition for elastic vibration?
The definition of elastic vibration was found in the website at the bottom. Elastic vibration is oscillating movement of a solid object in which a large majority of the energy is retained though elastic forces and with inertia of the object.www.answers.com/topic/elastic-vibration
What is a simple definition of elastic?
It stretches!!!!! :P
What are the types of price elasticity of demand?
there are five types.1).perfect elastic demand,2)perfect inelastic demand,3).relatively elastic demand,4).relatively inelastic demand4).unity elastic demand
What is perfect elastic demand give some example?
no
Under perfect competition is average revenue curve elastic or inelastic?
Under Perfect Competition the demand curve is perfectly elastic. I don't know if that helps but it might
Does a spring which is not in its elastic region obey Hookes law?
No, by definition Hooke's law relates to linear elastic only; when outside the elastic region it does not apply.
What is the mathematical definition of perfectly elastic demand?
If ep = dQ/dP.P/Q = infinity, the demand is perfectly elastic.
What is the definition of being perfect?
That`s easy. Being a Skudrna is the definition of being perfect!
In what kind of market is the price demand the most elastic?
Perfect Competition
What rhymes with enthusiastic?
There are no perfect rhymes for the word enthusiast.
What is the definition of perfectly elastic supply?
The definition of perfectly elastic supply is a supply that can change along with the demand. This means if paper for example is not demanded in large quantities and then all of the sudden is there will be enough paper to supply the demand.
What is the definition of flawless?
The definition of flawless is: Without error; perfect.
