0
If elasticity is equal to zero, it implies that the quantity demanded or supplied of a good is completely unresponsive to changes in price; this is known as perfectly inelastic demand or supply. Consumers will purchase the same amount regardless of price fluctuations, often seen in essential goods like medications. This characteristic can lead to significant market inefficiencies, as suppliers may not adjust their output in response to price changes.
What else can I help you with?
Is Zero plus zero equal to zero?
Correct.
Why any number multiplied to zero results to zero?
if it didn't equal zero then what else would it equal
Has a shape with zero equal sides?
A scalene triangle has zero equal sides.
What causes numerator of a expression to equal zero?
When the numerator of any expression or fraction is zero then the result is zero because zero divided by any number is always equal to zero.
Why is 10 to the power zero equal to 1?
Anything to the power zero is equal to 1 by definition.
When will the income elasticity of demand equal zero?
When an increase in income is not associated with a change in the demand of a good.
What are the implication of the price elasticity of demand?
ambot nangutana gane ko
If the elasticity of demand is equal to one then the demand is?
Unitary elasticity is when the price elasticity of demand is exactly equal to one.
Is it always true When demand elasticity is equal to -1 marginal revenue is equal to 0?
Yes, when demand elasticity is equal to -1 (unitary elasticity), marginal revenue is indeed equal to 0. This occurs because, at this point, any change in quantity sold does not affect total revenue; increases or decreases in quantity will offset price changes, resulting in no net change in revenue. Thus, when elasticity is -1, the firm maximizes total revenue, leading to marginal revenue being zero.
What will be the elasticity when marginal revenue is zero?
unit elastic
When supply is relatively inelastic elasticity of supply es?
zero
What are the 2 extreme situations of price elasticity of demand?
The two extreme ranges of price elasticity of demand are Zero and Infinity.
Is zero less than or equal to zero?
Zero is equal to zero
Is the elasticity of demand always negative?
No, the elasticity of demand can be positive, negative, or zero. It depends on how the quantity demanded changes in response to a change in price.
Solve 8x to the zero power?
Any number to the power zero is equal to 1 - except zero to the power zero, which is undefined. So, if x is not equal to zero, the answer is 1.Any number to the power zero is equal to 1 - except zero to the power zero, which is undefined. So, if x is not equal to zero, the answer is 1.Any number to the power zero is equal to 1 - except zero to the power zero, which is undefined. So, if x is not equal to zero, the answer is 1.Any number to the power zero is equal to 1 - except zero to the power zero, which is undefined. So, if x is not equal to zero, the answer is 1.
What do you call a good whose income elasticity is less than zero?
Sticky Goods
How zero multiply by zero?
Any number multiplied by zero is equal to zero, including zero. Therefore, zero times zero is equal to zero. 0 x 0 = 0
