Examples of 'elastic demand' in a sentence
Meaning of "elastic demand"
elastic demand: Refers to a type of demand for a product or service that changes significantly in response to price adjustments. Products with elastic demand show a large increase or decrease in demand based on price changes
How to use "elastic demand" in a sentence
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elastic demand
Perfectly elastic demand is an epsilon of negative infinity.
While luxury products have an elastic demand.
This indicates an elastic demand for weather information.
Automobiles and furniture are examples of goods that have elastic demand.
Have less elastic demand.
This is true of monopoly even if the monopolist is facing a highly elastic demand.
He faces a perfectly elastic demand curve.
And elastic demand means something people buy when they don't need it.
Clothing also has elastic demand.
Perfectly elastic demand is demand where consumers, essentially, do not care about the quantity.
A firm will have a perfectly elastic demand curve.
And elastic demand means something people buy when they do not need it . Like food.
Goods tend to have more elastic demand over longer time.
The graph below shows the horizontal line of a perfectly elastic demand curve.
A competitive company has a perfectly elastic demand curve meaning that total revenue is proportional to output.
See also
Soft drinks and many other nonessential items have highly elastic demand.
The extreme cases are those of perfectly elastic demand and perfectly inelastic demand.
Ed = - ∞ Perfect elastic demand Highly commpetitive goods, potatos on supermarket Decrease price.
Goods with close substitutes tend to have more elastic demand because it is easier for.
Elastic demand happens when the demanded scoops becomes 40 instead of the original 100.
DA and SA represent comparatively elastic demand and supply respectively.
On the one extreme, we have perfectly infinitely elastic demand.
So back to our elastic demand formula,.
If the number is high, then it 's called elastic demand.
Therefore, it is an example of elastic demand.
So this is almost almost almost perfectly -- perfectly elastic -- elastic demand.
Let us look at Figure 3-3 and think about perfectly elastic demand.
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Drive couplings provide elastic force transmission
My elastic line is gonna get infected again
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Examples of using Demand
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Demand remained firm in most emerging markets
These attributes are in demand in most beef markets
I demand that you give me back my wife
