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..
You should not go into the left side of the roadway when within 100 feet of the crossing. Moreover, you should also turn on your turn signal when within 100 of a turn. These precautions prevent accidents as it makes clear to other drivers what your intentions are and drivers making turns are not endangered.
The statement that is true regarding a distance vs. time graph is option A: The graph should show distance on the vertical axis.
<h3>Where is the plot of distance?</h3>
How far an object has come in a certain amount of time is displayed on a distance-time graph. Time is represented on the X-axis and Distance is plotted on the Y-axis (left) (bottom).
On a distance-time graph, an object's motion is indicated by a sloping line. The slope or gradient of the line in a distance-time graph is equal to the object's speed. The object is travelling more quickly the steeper the line is (and the bigger the gradient).
Note that the distance-time graph shows the relationship between distance and time by plotting distance on the y-axis and time on the x-axis.
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The solution is:
Paige's force is (somewhat) against the direction of motion: Work = F * d Where F is the force; andd is the distance
Our f is 64 N and our distance is 20 and -3.6Plugging that in our equation will give us:
= 64N * cos20º * -3.6m = -217 J
Answer:
From smallest ratio to the largest ratio:
Coasting Universe - Critical Universe - Recollapsing Universe(From left to right)
Explanation:
The coasting universe is one that expands at a constant rate given by the Hubble constant throughout all of cosmic time. It has a ratio of actual density to critical density that is less than 1
The critical universe is one that is at balance with no expansion .I.e. the actual density and the critical density are equal, which makes the ratio of actual density to critical density to be equal to 1
Recollapsing Universe: The expansion of the universe reverses in the future and the universe eventually recollapses. The recollapsing universe has the ratio of the actual density to the critical density to be greater than 1
