if no net external force acts on a system of particles‚ the total linear momentum of the system cannot change. There are two simple types of collisions‚ elastic and inelastic. If the total kinetic energy of the two systems is conserved then the collision is known as elastic. If the kinetic energy is not conserved‚ then the collision is inelastic. H = g/2 x t^2 x = v_xt v_x = x √g/2(H) m_b v_x = (m_b+ m_p)V V^2 = 2gh h = l (1 - cosϴ) Apparatus: CENCO Ballistic Pendulum‚ meter stick‚ carbon
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Jan 2011 Master of Business Administration-MBA Semester I Subject Code – MB0042 Subject Name – Managerial Economics Assignment Set- 1 Q1. Price elasticity of demand depends on various factors. Explain each factor with the help of an example. Answer. Elasticity of Demand: Earlier we have discussed the law of demand and its determinants. It tells us only the direction of change in price and quantity demanded. But it does not specify how much more is purchased when price falls or how much
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expired on June 30‚ 2006. It faced branded competition from Effexor XR from Wyeth‚ Paxil and Welbutrin XL from GlaxoSmithKline‚ and Cymbalta from Eli Lilly & Co. The demand for Zoloft was inelastic before patent expiration which allowed Pfizer to set a high price for the drug. Demand then became elastic when generics entered the market post-patent expiration. The below graphs display this change in demand elasticity for Zoloft. We expect this will be the same for Viagra.
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of more than 1‚ and would therefore be considered elastic. If the ratio were greater than 1‚ that product would then be considered inelastic‚ as the percentage change in demand was less than that of the percentage change in price. For example‚ if a product were to increase in price by 10%‚ and the overall demand fell by only 5%‚ then the good would be considered inelastic. If a 10% rise in price caused a 20% fall in demand that same good is elastic (McConnell & Brue‚ 2004). Since Apple released
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Introduction: Throughout my essay I intend to discuss how a tax on sellers or buyers affects the proportion of the tax each one will pay‚ this overall issue known as tax incidence will be discussed. The effects of elasticity (both perfect inelastic and perfect elastic) of demand and supply will be discussed and how they affect the division of tax between the buyer and seller. A conclusion will then be drawn up to evaluate the information discussed and a bibliography page will be drawn up to reveal the
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MARKETING Session III: Pricing Policy Question I: Why is pricing policy so important in the marketing mix of a product ? What is pricing? Pricing is the process of determining what a compagny will receive in Exchange for its products. Pricing strategy is important for several aspects in the compagny wich are: Survival : short-term objectives are set in order to survive Profit :the objective is to maximise profits Return on investment : prices are set to attain a specified return on
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Econ 1011 Study Guide Opportunity Cost The opportunity cost is the cost of the forgone alternative. (If you have many alternative it is the one which has the highest value) Total opportunity cost / economic cost = Explicit cost + Implicit cost Production Possibilities Frontier - Points inside the PPF vs. outside the PPF - Shape of the PPF - Economic growth and PPF Law of Demand Other things remaining constant‚ the quantity demanded of a good rises when the price of the good
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1. MARKET STRUCTURE The market in which Tesco operates is supermarkets. Although this is a highly competitive one Tesco holds a disproportionate amount of power. The figures below indicate that Tesco holds over a third of the market share‚ and even double the amount of Asda ’s market share‚ the second leading supermarket. Market share is the percentage or proportion of the total available market or market segment that is being serviced by a company ’ (Wikipedia 2006). SUPERMARKET SHARE Tesco:
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FIN599 Y: Homework after July 11th Class 1) How will each of the following changes in demand and/or supply affect equilibrium price and equilibrium quantity in a competitive market; that is‚ do price and quantity rise‚ fall‚ or remain unchanged‚ or are the answers indeterminate because they depend on the magnitudes of the shifts? Use supply and demand to verify your answers. a. Supply decreases and demand is constant. Prices increase‚ quantity decreases b. Demand decreases and supply is constant
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CIE3M – Grade 12 Economics Exam Thanks‚ Jansen! Fully Formatted PDF with diagrams Econ-Exam-Notes Economics Exam Notes What is economics? Social science that studies how people use scarce resources to satisfy their unlimited wants Macroeconomics Examines economy as a whole (the forest) rather than individual units. Concerns itself with aggregate behaviour Microeconomics Examines behaviour of individual economic units (tree in forest)‚ determines relative prices Scarcity and
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