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Why is the slope of supply an unsatisfactory measure of the responsiveness in the quantity supplied of a commodity to a change in its price?
why is the slope of supply an unsatifactory measure of the responsiveness in quantity supplied of a commodity to a change in its price
What kind of slope does acceleration have?
Acceleration is a vector quantity and can have positive, negative, or zero slope. A positive slope indicates an increase in speed, a negative slope indicates a decrease in speed, and a zero slope indicates constant velocity.
Which physical quantity is given by slope of v-t graph?
The physical quantity given by the slope of a velocity-time graph is acceleration. This is because the slope represents the rate of change of velocity over time, which is how acceleration is defined (acceleration = change in velocity / time taken).
What is the slope of a line x equals 5?
X=5 is a vertical line, so it has no slope. When I say it has no slope, I don't mean the slope is 0, I mean the slope is nonexistent.
What quantity does the slope of the line represent?
This varies in different fields but is usually known as a derivative.
How can one calculate marginal revenue from a demand curve?
To calculate marginal revenue from a demand curve, you can find the slope of the demand curve at a specific quantity using calculus or by taking the first derivative of the demand function. The marginal revenue is then equal to the price at that quantity minus the slope of the demand curve multiplied by the quantity.
The upward slope of the supply curve reflects the?
fact that price and quantity supplied are inversely related
What does it mean if a slope is numerically a higher value than another slope what are some examples in the real world?
What does it mean if a slope is numerically a higher value than another slope
Why isn't elasticity solely determined by the slope of the demand curve?
Elasticity is not solely determined by the slope of the demand curve because elasticity also considers the responsiveness of quantity demanded to price changes. The slope of the demand curve only shows the relationship between price and quantity demanded, but elasticity takes into account the percentage change in quantity demanded relative to the percentage change in price. This means that elasticity provides a more accurate measure of how sensitive consumers are to price changes compared to just looking at the slope of the demand curve.
What physical quantity does the slope represent of a velocity time graph?
The slope of a velocity-time graph represents acceleration. A positive slope indicates an increase in velocity over time, while a negative slope indicates a decrease in velocity (deceleration). The steeper the slope, the greater the acceleration or deceleration experienced by the object.
Are slope of demand curve and elasticity of a demand curve the same thing?
Not exactly. They serve the same purpose, but calulated a little bit differently. Slope equals change in price divided by change in quantity. Elasticity equals changes in quantity to be divided by changes in price
Why do most demand curves exhibit a negative slope?
Most demand curves exhibit a negative slope because as the price of a good or service decreases, the quantity demanded by consumers typically increases. This inverse relationship between price and quantity demanded is known as the law of demand.
