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Contrast and compare elastic and inelastic collisions. Question 4 options: Both elastic and inelastic collisions have conservation of momentum if there are no outside forces. They are different in that elastic collisions bounce and inelastic collisions stick, and kinetic energy is conserved in inelastic collisions. They are basically the same thing, except the units are different. Elastic collisions do not have conservation of momentum and inelastic collisions have conservation of momentum if there are no outside forces. They are different...
The perfectly competitive firm's demand curve is: Perfectly elastic. Relatively elastic Perfectly inelastic. Relatively inelastic Statement 1: In the long run, firms in a monopolistically competitive industry will be producing that quantity that maximize social surplus. Statement 2: In the long run, firms in a monopolistically competitive industry will be producing at the minimum of its ATC curve. Statement (1) is true; statement (2) is false. Statements (1) and (2) are both true. Statement (1) is false; statement (2) is...
To determine if the demand for a good is inelastic, elastic, or unit elastic between two prices, a seller might raise the price to see what happens to total revenue: If total revenue rises, demand is
Consider four types of collisions: inelastic, totally inelastic, elastic and explosive. (a) For which of these collision types is total linear momentum conserved? Do you need anything special for the momentum to stay constant? Explain! (b) For which of these types of collisions is kinetic energy the same before and after the collision? For each type, if the final kinetic energy is different than the initial, state whether kinetic energy has increased or decreased, and what other types of energy...
Calculate for each graph the elasticity of demand. Then, evaluate if unit elastic, inelastic or elastic, why? A) B) C) 17 09 34 13 1a 130 38 137
C Relatively elastic Relatively inelastic Unit elastic 26. Which of the following is true of an economy's production possibilities curve? It shows the combinations of any two resources that can be used to produce and efficient leve of b It shows the alternative combinations of goods that can be produced by fully employing scar dIt is bowed in (convex to the origin) because of changing levels of technology output b it shows the alternative combinations of goods that can be...
explain elastic demand , inelastic demand and unit elastic demand with curve and example for each
a. Calculate price elasticity given the following information. Is the curve elastic, inelastic or unitary elastic? Original Quantity: 16125 lbs of sugar New Quantity: 4000 lbs of sugar Original Price: $0.99/lb New Price: $3.99lb b. (6 pts) Given the elasticity calculated in part a, will the seller increase or decrease their revenue if they increase the price of sugar? c. (8 pts) Explain the determinants of elasticity.
4. Elastic, inelastic, and unit-elastic demand The following graph shows the demand for a good. w 140ー- 140一 Lu 70-L--+ 50一一 Z 20m- Demand QUANTITY (Units) 2 4 +--Lil 21 Q X LILI (1jun」ad sie-log) 30-yd
For Medical care and hospitalizations is short-run demand elastic or inelastic and is long-run demand elastic or inelastic? Please describe why for both so that I better understand. Thank you