question archive 1)What are some real-world examples of perfectly elastic demand ? 2)Why does dividing the percentage change in quantity demanded by the percentage change in price show how elastic a market is? 3)What effect might the increasing availability of lithium over time have on the own-price elasticity of demand for oil? 4)Why can't the slope of the demand curve be used to measure the responsiveness of quantity to a change in price?
1)What are some real-world examples of perfectly elastic demand ? 2)Why does dividing the percentage change in quantity demanded by the percentage change in price show how elastic a market is? 3)What effect might the increasing availability of lithium over time have on the own-price elasticity of demand for oil? 4)Why can't the slope of the demand curve be used to measure the responsiveness of quantity to a change in price?
Subject:EconomicsPrice:2.88 Bought3
1)What are some real-world examples of perfectly elastic demand ?
2)Why does dividing the percentage change in quantity demanded by the percentage change in price show how elastic a market is?
3)What effect might the increasing availability of lithium over time have on the own-price elasticity of demand for oil?
4)Why can't the slope of the demand curve be used to measure the responsiveness of quantity to a change in price?
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