Relatively elastic refers to the degree to which the quantity of a good or service demanded changes in response to a change in its price. When a good or service is relatively elastic, a small change in price results in a relatively large change in the quantity demanded. This means that the demand for the good or service is sensitive to changes in price.
On the other hand, when a good or service is relatively inelastic, a small change in price results in a relatively small change in the quantity demanded. This means that the demand for the good or service is not very sensitive to changes in price.
There are several factors that can influence the elasticity of demand for a good or service. Some of these factors include the availability of substitutes, the importance of the good or service to the consumer, and the percentage of the consumer's budget that the good or service represents.
For example, if a consumer has several substitutes available for a particular good or service, they are more likely to switch to a substitute if the price of the original good or service increases. This means that the demand for the original good or service is relatively elastic. On the other hand, if a consumer has few or no substitutes available, they may be more likely to continue purchasing the original good or service even if the price increases. In this case, the demand for the good or service is relatively inelastic.
Another factor that can influence the elasticity of demand is the importance of the good or service to the consumer. If a good or service is essential to a consumer's daily life, they may be more likely to continue purchasing it even if the price increases. In this case, the demand for the good or service is relatively inelastic. On the other hand, if a good or service is not essential, a consumer may be more willing to switch to a substitute or do without if the price increases. In this case, the demand for the good or service is relatively elastic.
The percentage of the consumer's budget that a good or service represents can also influence its elasticity of demand. If a good or service represents a significant portion of the consumer's budget, they may be more sensitive to changes in price and the demand for the good or service may be relatively elastic. On the other hand, if a good or service represents a small portion of the consumer's budget, the consumer may be less sensitive to changes in price and the demand for the good or service may be relatively inelastic.
In conclusion, relatively elastic refers to the degree to which the quantity of a good or service demanded changes in response to a change in its price. The elasticity of demand can be influenced by the availability of substitutes, the importance of the good or service to the consumer, and the percentage of the consumer's budget that the good or service represents. Understanding the elasticity of demand can be helpful for businesses when setting prices for their products and for policymakers when considering the potential effects of taxes or other price changes on consumer behavior.
atomic physics
Formerly used as a dry-cleaningsolvent, carbon tetrachloride has been almost entirely displaced from this application bytetrachloroethylene, which is much more stable and less toxic Methane Methane is the simplest of saturated hydrocarbons. Carbon combines with some metals at high temperatures to form metallic carbides, such as the iron carbide The system of carbon allotropes spans a range of extremes: Graphite is one of the softest materials known. Ethanol Ethanol, also called alcohol, ethyl alcohol and grain alcohol, is a clear, colourless liquid, the principal ingredient in alcoholic beverages like beer, wine, or brandy. Diamonds are embedded in drill tips or saw blades, or ground into a powder for use in grinding and polishing applications. What is the atomic number of carbon? The energy released in this reaction is made available for the cells. Other names for chloroform are trichloromethane and methyl trichloride. As I gazed upon the glittering waters I thought of my poor brethren who were deep down in the rock, and sighed! Over thousands of years, more plants grew in the swamp and their carbon-containing remains also sank into the swamp, forming a layer of dead plant material many meters thick.
Questions and Answers
As I was passing through a forest with myriads of aërial atoms, I happened to strike against a leaf, which instantly absorbed me, but allowed my two companions, who had never been separated from me before, to pass on with the rest. The rapid current carried us through numerous valleys and gorges, and finally launched us into the ocean. Benzene It is one of the elementarypetrochemicals. The number of the 'beast' isn't about some demon. Because it contains only carbon and hydrogen atoms, benzene is classed as ahydrocarbon. Under prolonged exposure to heat or fire, the container may rupture violently and rocket. Atomic Mass of First 30 Elements ATOMIC NUMBER ELEMENT ATOMIC MASS 1 Hydrogen 1.
Carbon
The ore is crushed, during which care has to be taken in order to prevent larger diamonds from being destroyed in this process and subsequently the particles are sorted by density. In his research, he has discovered that the surface of a Silicon membrane can be functionalized to become pH, or biologically, sensitive. Vapours are heavier than air. The mechanisms used to ensure atomicity and memory ordering should be compatible. Exceptions include a small number of stabilized carbocations three bonds, positive charge , radicals three bonds, neutral , carbanions three bonds, negative charge and carbenes two bonds, neutral , although these species are much more likely to be encountered as unstable, reactive intermediates. An atom takes no heed of time, and a few millions of years pass by very quickly. But, in the Periodic Table of the Elements, the atomic number for the Carbon element is six.
MC4_Life_of_a_Carbon_Atom_webapi.bu.edu
The two ends of a chain can bond together to form a ring. About 80% of mined diamonds equal to about 100 million carats or 20tonnes annually are unsuitable for use as gemstones are relegated for industrial use known as The dominant industrial use of diamond is in cutting, drilling, grinding, and polishing. This makes them hypercoordinate but not hypervalent. The creature who had robbed us of our liberty was now no more, but for all that we were unable to move. None of these changes, however, disturbed my repose. One of these atoms of carbon may have coursed through the veins of a Hottentot, another may have existed in the brain of a Laplander! The coil and the oil used in factories also release carbon dioxide. How beautiful, how grand everything seemed! Atomic Structure of Carbon 1.
