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    perfect inelasticity

    see zero elasticity

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Questions & Answers

Difference between demand and supply
Kareem Reply
describe the issue gain from trade will improve economic growth and living standard.
Allison Reply
discribe gain from trade will improve economic growth and living standard
Allison
discribe gain from trade will improve economic growth and living standard
Allison
what is the outcome of exchange rate?
Allison
what is utility
Roberta Reply
what is the relationship between the elasticity of demand and total revenue
Atedago Reply
I don't know
Taofeek
negative. but for unit elasticity of demand, the relationship doesn't exist between them.
Ali
what is income elasticity of demand
Esther Reply
income elasticity of demand measure the degree of responsiveness of demand for a commodity to a small change in the income of the consumer
Atedago
monopolistic competition has all except which of the following basic characteristics?
Sharon Reply
what are the Features of money
Abubakarr Reply
how to calculate the elasticity of supply?
Asnaira Reply
PES=Qs2-Qs1/Qs1÷P2-P1/P1
Soko
why is economics important
Gifted Reply
why is it important
Gifted Reply
for what?
Vicky
economics
Gifted
what is demand
Mutala Reply
Demand Is Anything that A Customer are willing and able to buy at different price level.
Basit
what demand schedule
Mutala
demand schedule is a tabular representation of different quantities of commodities that consumers are willing to purchase at a specific price and time while other factors are constant.
MEOW
A full account of the demand, or perhaps we can say, the state of demand for any goods in a given market at a given time should state what the volume (weekly) of sales would be at each of a series of prices. Such an account, taking the form of a tabular statement, is known as a demand schedule.
MEOW
State the type of elasticity of demand
Emmanuel
price elasticity of demand . and it refers to the degree of responsiveness of change in quantity demanded for a commodity to a change in price if the commodity itself
Mutala
Are firms primarily buyers or sellers in the goods and services market? In the labor market?
Fardeen Reply
market of good and service
Noel
what is the meaning of demand an supply
Hawanatu Reply
quantity of product consumed by customer due to quantity produced by producer
Noel
What is insurance of companies
Oppong Reply
a financial institution that provides a range of INSURANCE policies to protect individuals and businesses against the RISK of financial losses in return for regular payments of PREMIUMS.An insurance company operates by pooling risks amongst a large number of policyholders.
MEOW
differentiate between demand and money supply
Mary Reply
While the demand of money involves the desired holding of financial assets, the money supply is the total amount of monetary assets available in an economy at a specific time.
MEOW

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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