0
What else can I help you with?
Why abnormal demand curves are vertical or horizontal?
Abnormal demand curves can be vertical or horizontal due to specific market conditions. A vertical demand curve indicates perfectly inelastic demand, where quantity demanded remains constant regardless of price changes, often seen with essential goods with no substitutes. Conversely, a horizontal demand curve represents perfectly elastic demand, where consumers will only purchase at a specific price, common in highly competitive markets with many substitutes. These extreme cases highlight the varying responsiveness of consumers to price changes based on the nature of the product and market dynamics.
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 is Nevada's horizontal width and vertical length?
Nevada's horizontal width and vertical length is ...
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.
Why abnormal demand curves are vertical or horizontal?
Abnormal demand curves can be vertical or horizontal due to specific market conditions. A vertical demand curve indicates perfectly inelastic demand, where quantity demanded remains constant regardless of price changes, often seen with essential goods with no substitutes. Conversely, a horizontal demand curve represents perfectly elastic demand, where consumers will only purchase at a specific price, common in highly competitive markets with many substitutes. These extreme cases highlight the varying responsiveness of consumers to price changes based on the nature of the product and market dynamics.
How do the horizontal components of a projectile motion vary from the vertical components?
In projectile motion, the horizontal component of motion is constant and does not change, while the vertical component is affected by gravity causing it to accelerate downwards. This results in a parabolic path of the projectile where the horizontal distance traveled is determined by the initial velocity and angle of projection, while the vertical distance is influenced by gravity.
When an object is plumb it is?
When an object is plumb, it means that it is perfectly vertical and aligned with the force of gravity. This is typically determined using a plumb bob or a level to ensure that the object is straight up and down.
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.
Which of these components of projectile motion is not influenced by gravity?
Horizontal and vertical components which need to be treated independently from each other when working out either the horizontal or vertical motion.
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 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.
How does the unbalanced force of gravity affect the horizontal and vertical velocity of an object in projectile?
In the absence of air resistance, the force of gravity has no effect on the horizontal component of a projectile's velocity, and causes the vertical component of its velocity to increase by 9.8 meters (32.2 feet) per second downward for every second of its flight.
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.
