3 years ago

What does it mean for a good to be elastic ?

Geography

2 answers:

Stella [2.4K]3 years ago

7 0

When a product is elastic, a change in price quickly results in a change in the quantity demanded.

Mariulka [41]3 years ago

6 0

When a product is elastic, a change in price quickly results in a change in the quantity demanded. When a good is inelastic, there is little change in the quantity of demand even with the change of the good's price. ... If the market price goes up, firms are likely to increase the number of goods they are willing to sell.

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Regional erosion occurs at a rate of 2 m per 1,000 years.

valina [46]

Answer:

2000m

Explanation:

Given parameters:

Rate of regional erosion = 2 m per 1000years

Unknown:

Amount of regional erosion in 1, 000, 000 years.

Solution:

If it takes 1000 years for regional erosion to remove 2m of earth