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The price elasticity of bathing soap is 1, (a one-percentage change).
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What is the price elasticity in a oligopoly?
in oligopoly what is the nature of price elasticity
What is price elasticity?
price elasticity is the degree of responsiveness of demand or supply to a small change in price.
When is price elasticity inelastic?
price elasticity=%change in quantity divided by %change in price it's inelastic when the absolute value of price elasticity is between 0 and 1
Distinguish between price and income elasticity of demand?
distinguish between price elasticity of demand and income elasticity of demand
What role does price elasticity demand play in decision making by business firms?
price elasticity
What is the difference between toilet soap and bathing bar?
what is the difference between toilet soap and bathing soap?
What is the price elasticity in a oligopoly?
in oligopoly what is the nature of price elasticity
Does soap have a higher elasticity of demand than ivory soap?
yes
What is price elasticity?
price elasticity is the degree of responsiveness of demand or supply to a small change in price.
When is price elasticity inelastic?
price elasticity=%change in quantity divided by %change in price it's inelastic when the absolute value of price elasticity is between 0 and 1
Can you find price elasticity if there is no change in price?
There must be a change in the price to calculate the price elasticity. Elasticity depends on the changes in the demand of a good or service based on the change in the price of a good or service.
Distinguish between price and income elasticity of demand?
distinguish between price elasticity of demand and income elasticity of demand
Who invented bathing soap?
Nicolas Leblanc
How do you prepare bathing soap at home?
theriyathu
Distinguish between price elasticity and income elasticity?
The price elasticity refers to the change in demand due to the change in price. The income elasticity of demand on the other hand refers to the change in demand due to the change in income.
Why the price elasticity of salt is low and price elasticity of Toyota car is high?
The price elasticity of salt is lower than that of the Toyota car because by changing the unit of measurement of salt leaves the elasticity value the same.
What role does price elasticity demand play in decision making by business firms?
price elasticity
