can elasticity be greater than 1?
308812
When the value of elasticity is greater than 1.0, it suggests that the demand for the good or service is affected by the price. A value that is less than 1.0 suggests that the demand is insensitive to price, or inelastic. ... There are probably no real-world examples of perfectly inelastic goods.
381903
Perfectly Elastic Demand. When the percentage change in quantity demanded is infinite even if the percentage change in price is zero, the demand is said to be perfectly elastic. Endless demand at given price. ... But the demand curve of the products is increasing from Q1 to Q2 and so on.
428347
When the PED is greater than one, the good is considered as price elastic and this shows meaning that the demand is responding to price change. However, if the PED is less than one, coal is considered as inelastic.
730531
Therefore, 1/4 is greater than 1/5 and the answer to the question "Is 1/4 greater than 1/5?" is yes. Note: When comparing fractions such as 1/4 and 1/5, you could also convert the fractions (if necessary) so they have the same denominator and then compare which numerator is larger.
838621
In business and economics, elasticity refers to the degree to which individuals, consumers or producers change their demand or the amount supplied in response to price or income changes. It is predominantly used to assess the change in consumer demand as a result of a change in a good or service's price.
396506
The elasticity of demand, or demand elasticity, refers to how sensitive demand for a good is compared to changes in other economic factors like price or income. ... Elastic products have substitutes. It is calculated by dividing the percentage change in quantity demanded by the percentage change in price.
1191517
(a) Glass is more elastic than rubber because for a given applied force per unit area, the strain produced in glass is much smaller than the strain produced in rubber.
948187
No, a probability mass function cannot have a value above 1. Quite simply, all the values of the probability mass function must sum to 1. Also, they must be non-negative. ... The pdf if a non-continuous variable can never be more than 1, since (1) the sum of them must all add to 1 and (2) they must all be non-negative.
1126976
Summary. Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price. It is computed as the percentage change in quantity demanded—or supplied—divided by the percentage change in price.
435418
The spring constant is different for different elastic objects. For a given spring and other elastic objects, the extension is directly proportional to the force applied. For example, if the force is doubled, the extension doubles. This works until the limit of proportionality is exceeded.
1314915
For a given spring and other elastic objects, the extension is directly proportional to the force applied. For example, if the force is doubled, the extension doubles. This works until the limit of proportionality is exceeded.
814953
Therefore, 1/5 is not greater than 1/3 and the answer to the question "Is 1/5 greater than 1/3?" is no. Note: When comparing fractions such as 1/5 and 1/3, you could also convert the fractions (if necessary) so they have the same denominator and then compare which numerator is larger.
1381565
It depends on nothing but the nature of the material. In the first part you may have been asked about the breaking 'force' or something like that; breaking stress is fixed. A material breaks when both the 'stress on it' and 'strain in it' increases (in fact both are related by the modulus of elasticity).
1330474
Elasticity is the property of a material to return to its original state after straining. Steel has a higher elastic modulus (Young's modulus) than rubber meaning you can apply a greater force to stretch it before it is deformed permanently. This is a measure of stiffness and rubber is a soft material.
990022
The strain is directly proportional to the bending moment. As the value of the bending moment increases, the value of the strain also increases.
1378013
APS can never be 1 or greater than 1. That said, APS can have a negative value, if income is zero and consumption has a positive value. For example, if income is 0 and consumption is 30, then the APS value will be -0.3.
1318765
Elastic limit is the maximum stress that can be applied without resulting in permanent deformation when unloaded. Yield point is also a stress at which there is large increase in strain with little or no increase in stress. Ony steel exhibits this type of response.