Answer:
In economics, elasticity is the measurement of the percentage change of one economic variable in response to a change in another.
An elastic variable (with an absolute elasticity value greater than 1) is one which responds more than proportionally to changes in other variables. In contrast, an inelastic variable (with an absolute elasticity value less than 1) is one which changes less than proportionally in response to changes in other variables. A variable can have different values of its elasticity at different starting points: for example, the quantity of a good supplied by producers might be elastic at low prices but inelastic at higher prices, so that a rise from an initially low price might bring on a more-than-proportionate increase in quantity supplied while a rise from an initially high price might bring on a less-than-proportionate rise in quantity supplied.
Elasticity can be quantified as the ratio of the percentage change in one variable to the percentage change in another variable, when the latter variable has a causal influence on the former. A more precise definition is given in terms of differential calculus. It is a tool for measuring the responsiveness of one variable to changes in another, causative variable. Elasticity has the advantage of being a unitless ratio, independent of the type of quantities being varied. Frequently used elasticities include price elasticity of demand, price elasticity of supply, income elasticity of demand, elasticity of substitution between factors of production and elasticity of intertemporal substitution.
Elasticity is one of the most important concepts in neoclassical economic theory. It is useful in understanding the incidence of indirect taxation, marginal concepts as they relate to the theory of the firm, and distribution of wealth and different types of goods as they relate to the theory of consumer choice. Elasticity is also crucially important in any discussion of welfare distribution, in particular consumer surplus, producer surplus, or government surplus.
In empirical work an elasticity is the estimated coefficient in a linear regression equation where both the dependent variable and the independent variable are in natural logs. Elasticity is a popular tool among empiricists because it is independent of units and thus simplifies data analysis.
A major study of the price elasticity of supply and the price elasticity of demand for US products was undertaken by Joshua Levy and Trevor Pollock in the late 1960s..
Answer:
Because electromagnetic waves can travel through empty space
Explanation:
The energy that is emitted from the sun is transferred to the earth in the form of radioactive waves. These waves are originated due to the vibration between the electric and magnetic fields. As this energy reaches the earth, it warms the earth's atmosphere, resulting in the transfer of heat energy in three possible ways namely the conduction, convection, and radiation.
This electromagnetic waves do not require any matter for the transmission of energy, and can easily travel in empty space from the core of the sun to the earth and other nearby planets. Whereas other types of waves cannot travel in space, so it is transferred in the form of electromagnetic waves only.
Answer:
(A). The current in the circuit is 19.25 mA.
(B). The store energy in the inductor is 7.04 μJ.
Explanation:
Given that,
Voltage = 8.2 V
Inductor = 38 mH
Resistance = 150 Ω
Time t = 0.110 ms
The battery has negligible internal resistance, so that the total resistance in the circuit is 150 ohms. Then use this equation for current at time t in terms of inductance
We need to calculate the current
Using formula of current

Put the value into the formula



(B). We need to calculate the store energy in the inductor
Using formula of energy

Put the value into the formula


{tex]E=7.04\ \mu J[/tex]
Hence, (A). The current in the circuit is 19.25 mA.
(B). The store energy in the inductor is 7.04 μJ.
Answer:
the water level remains same
Explanation:
This can be explained by Archimedes's principle which says that the wood will sink if weight of wood is more than the weight of the water displaced with weight equal to the water displaced otherwise the wood will float.
Therefore, buoyancy or the buoyant force is the same as the weight of wood, the weight of the water displaced by wood is also the same as that of the weight of wood.
Thus, we can see that the weight of the wood remains same and so is the level of water.
Answer:
1 C
Explanation:
The intensity of electric current is defined as

where
I is the current
q is the amount of charge transferred
t is the time interval during which the charge is transferred
For the lightning in this problem, we have
is the current
is the time interval
Solving the formula for q, we find the amount of charge transferred:
