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..
A study occasionally the effect of anxiety (low vs. high) and stress (low vs. moderate vs. high) on test.
Everyone experiences anxiety occasionally, but persistent anxiety can reduce your quality of life. Though likely best known for altering behavior, worry can have negative effects on our physical health. Anxiety speeds up our heartbeat and breathing, concentrating blood flow to the parts of our brains that need it. You are getting ready for a challenging situation by having this extremely bodily reaction. Test performance may be impacted by anxiety. According to studies, pupils with low levels of test anxiety perform better on multiple-choice question (MCQ) exams than pupils with high levels of anxiety. Studies have occasionally that female students have greater levels of test anxiety than male students.
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Gravitational force is stronger
Answer:
<em>a) below the observed position</em>
<em>b) directly at the observed position</em>
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Explanation:
If I'm standing on the bank of a stream, and I wish to spear a fish swimming in the water out in front of me, I would aim below the observed fish to make a direct hit. This is because the phenomenon of refraction of light in water causes the light coming from the fish is refract away from the normal as it passes into the air and into my eyes.
If I'm to zap the fish with a taser, I would aim directly at the observed fish because the laser (a form of concentrated light waves) will refract into the water, taking the same path the light from the fish took to get to my eyes.
