1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vitek1552 [10]
2 years ago
8

What is elasticity of demand?

Social Studies
2 answers:
Misha Larkins [42]2 years ago
5 0
Elasticity of demand is a measure used in economics to show the responsiveness<span>

</span>
slega [8]2 years ago
5 0

The elasticity of demand refers to the degree or intensity of responsiveness of demand for the goods and services when its price changes. However, it can be determined by dividing the change in demand (in percentage) with the change in price (in percentage). If the value of elasticity is zero then this is called perfectly inelastic demand because it shows no change in quantity when its price changes.

You might be interested in
Spanish representatives in colonies
OlgaM077 [116]

Question-Who is a Spanish representative in the colonies.

ANswer- John Jay, American representative in Spain, found success. Americans promised both France and Spain the restoration of much of the land they had lost to the British in America.

4 0
3 years ago
What was the conflict between the u.s. and japan that led us to war
Ne4ueva [31]

Answer:

<em>On December 7, 1941, Japan staged a surprise attack on Pearl Harbor, decimating the US Pacific Fleet. When Germany and Italy declared war on the United States days later, America found itself in a global war</em><em>.</em>

Explanation:

3 0
2 years ago
According to Keynes, if aggregate demand is too high and an inflationary gap is beginning to develop in the economy, fiscal poli
NNADVOKAT [17]

Answer:  The correct answer is : True

Explanation:  A contractionary fiscal policy prescription or raising taxes and / or decreasing government spending will help to reduce aggregate demand and thus reduce the inflationary gap. Keynesian economics is a theory of total spending on the economy and its effects on production and inflation.

4 0
3 years ago
Which desert is sometimes called “The Great Salt Desert”?
kozerog [31]
It is the "<span>Dasht-e Kavir" desert.</span>
7 0
3 years ago
Read 2 more answers
How did the Bubonic Plague affect cities and towns?
chubhunter [2.5K]
It killed so many people and make everything infected
6 0
3 years ago
Other questions:
  • How does darcy's letter make her reconsider her own behavior and judgments?
    13·1 answer
  • In the united states, we value achievement and success. this is evident in things like the attention we pay to job promotions, f
    8·2 answers
  • After losing her job, colleen not only felt stressed out but also repeatedly suffered annoying cold symptoms. this was most like
    8·1 answer
  • The most important part of preparing a presentation aid is to ________________.
    9·1 answer
  • Tanae was drowsy, but when she heard her child call out, she felt immediately wide awake and alert. A part of her brain that pla
    14·1 answer
  • A group of ray's friends have been waiting for ray for an hour. one says, ?he never remembers anything." another says, "he's pro
    12·1 answer
  • The Virginia plan
    9·1 answer
  • If you do this then I will make random question worth 100 points
    7·1 answer
  • How did the ancient Roman civilization affect the modern world?
    11·1 answer
  • List 15 basic items you should include in your emergency kit
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!