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A perfectly price- inelastic demand curve is A horizontal b downward sloping c upward sloping d vertical?
Kllomeli
A perfectly price-inelastic demand curve is vertical (Parallel to Y-axix) because the percentage change in quantity demanded is nil whatever the percentage change happens in price.
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Shape of graph that is a Supply Curve that is perfectly inelastic?
When you think about elasticity and inelasticity graphically it always helps me to think of that the end result will be. So I will walk you through my thought process. If supply is inelastic, then no matter the price, supply will always be the same. If price is on the y-axis and quantity is on the x-axis ( as they usually are) then: Perfectly inelastic supply will be represented by a vertical line.
What is vertical and what is horizontal?
Vertical is up and horizontal is across
Is horizontal up down?
No. Up-down is vertical. Horizontal is perpendicular to vertical.
What are horizontal motion and vertical motion?
horizontal is side to side vertical is up and down
What is Nevada's horizontal width and vertical length?
Nevada's horizontal width and vertical length is ...
When an object is plumb it is?
perfectly vertical
How do the horizontal components of a projectile motion vary from the vertical components?
Horizontal . . . acceleration is zero, speed is constant Vertical . . . acceleration is 'G' downward, speed constantly increases downward
Is the line perfectly vertical on a speed graph if you were standing still?
No. If the horizontal axis is time, and the vertical axis is speed, and you're standing still,Then the graph is perfectly horizontal, and it coincides with the horizontal axis.
Explain the difference between price elasticity of demand and the slope of a demand curve?
Price elasticity is a specific type of slope of the demand curve. A perfectly inelastic demand means that the quantity will not change with the price. This line is perfectly vertical. A perfectly elastic demand curve is horizontal and means that at any given quantity, there is only one price. Also, a slope gets steeper, demand becomes more inelastic.
In a graph of price vertical axis verses quantity horizontal demand is downward sloping because?
market demand
Shape of graph that is a Supply Curve that is perfectly inelastic?
When you think about elasticity and inelasticity graphically it always helps me to think of that the end result will be. So I will walk you through my thought process. If supply is inelastic, then no matter the price, supply will always be the same. If price is on the y-axis and quantity is on the x-axis ( as they usually are) then: Perfectly inelastic supply will be represented by a vertical line.
How does gravity affect two componets of projectile motion?
Divide the motion into a horizontal and a vertical component. The horizontal component won't be affected by gravity. The vertical component will get a downward acceleration of 9.8 meters per second per second.
What is vertical and what is horizontal?
Vertical is up and horizontal is across
What is a perfectly inelastic supply curve?
A perfectly inelastic supply relation would be defined as one where the quantity produced remains static under any price change. If we'd plot this curve in the familiar demand-supply framework with price being on the y-axis and quantity on the x-axis, the curve would be vertical.
Is a straight line always straight in a drawing program?
No, there may be gaps a pixel wide if the line is not perfectly horizontal or vertical.
Is the san Andreas fault horizontal or vertical?
Vertical and horizontal
What is the shape of supply curve during the market period?
The supply curve during the market period is perfectly inelastic and vertical. This shows that the supply cannot be increased in the short run.
