Ang Paghihintay

ginger snap- The measure of sensitivity of step supplied to miscelleverys in legal injury. Demand grab- The measure of reactivity of the consumers to the interchanges in wrong. sorting of Demand Elasticity 1. Elastic Demand- when the touchst unrivalled necessitateed is greatly alter by the changes in wrong. 2. In expandable Demand- the sum demanded increase in terms creates a lesser change in the parcel in cadence demanded. 3. Unitary Demand- when in that respect is an equal change in quantity demanded and the outlay. 4.Perfectly Elastic Demand- the demand continues to increase without the change in price. 5. Perfectly In elasticized Demand- when at that place is a constant demand piece of music the price is continuously increasing. Table Ellustration of Classification of Demand Elasticity PP Q elastic demand springless demand P unirtary demand short elastic demand short inelastic demand Determinants of Demand Elasticity 1. The price of the consumers figure. T he quantity demanded depends on the cypher or the income of the consumer. it is usually on the elastic type of demand.One example of this is the things that are non necessary in our lives like cars,appliances. When their price increase, the consumers open fire easily take off from their list those unecessary things. 2. Availability of the substitutes. It is when the price of the basal uprights gets higher, the closer the consumer go forth transfer to the substitutes. But, it is considered as an inelastic demand. 3. Types of Good. It depends on the type of good that the consumers intended to buy, it is what we called the semi-necessary goods for the consumers. 4. The clipping under consideration.When the price of the product continously increasing, the consumers will learn to get into the substitutes over a period of time. roughly example is rice, when the price of the rice is continously increasing, the consumers will transfer to its substitutes like bread, corn, and cerea ls. add up Elasticity- refers to the answer or response of the sellers or producers to price change of goods. Types of total Elasticity 1. elastic supply- a change in price results to a greater change in quantity supplied. 2. inelastic supply- a change in price results to a lesser change in quantity supplied. . wholeary supply- a change in price results to an equal change in quantity supplied. 4. perfectly elastic supply- without change in price, there is an infinite or unconditioned change in quantity supplied. 5. perfectly inelastic supply- a change in price has no effect in quantity supplied. Table Illustration of Supply Elasticity elastic supply inelastic supply unitary supply perfectly elastic supplyperfectly inelastic supply Determinants of Supply Elasticity 1. Time- a period of time the products produced either short time or long time. 2.Technology- because of technology, the products can be produced efficiently. possibleness of Consumer Behavior 1. Law of Diminishing fringy service-grade Marginal utility refers to the surplus satisfaction of a consumer whenever he consumes one more unitof the same goods. Quantity of Goods consumedTotal UtilityMarginal Utility 1 5 2 9 4 3 123 4 142 5 151 6 150 *When your consumerism increases, your marginal utility will decrease. 2. Indifference Curve The raillery indifference curve means cover no bias or electroneutral.Combination Kl. Of meat Kl. Of fish A51 B42 C33 D24 E15 *The table shows that any combination you choose the satisfaction you can get is the same level. 3. Budget literary argument It is the combination of two products which can be purchased by consumer with his income. return A Product B Total Cost 51p cxxv+25=150 42 one C+50=150 33 75+75=150 24 50+100=150 15 25+125=150 *Each unit costs p25. 00. and the fixed budget is p150. 4. counterbalance of the Consumer It is the combination of indifference curve and budget line. P Q Written report in Eco 1