hey i wanted to ask about Elasticity, what does it mean? and what is its purpose?, thank you
1
Expert's answer
2014-12-02T13:05:34-0500
Elasticity is the measurement of how responsive an economic variable is to a change in another. For example: Elasticity can be quantified as the ratio of the %change in one variable to the % change in another variable, when the latter variable has a causal influence on the former. A more precise definition is given in terms of differential calculus. It is a tool for measuring the responsiveness of one variable to another.
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment