what is coefficient of elasticity? describe the various types of co efficient of elasticity.what are the units which they are measured
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The rate of a chemical reaction is influenced by many different factors, such as temperature, pH, reactant and product concentrations and other effectors. The degree to which these factors change the reaction rate is described by the elasticity coefficient.
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Finally, demand is said to be perfectly elastic when the PED coefficient is equal to infinity. When demand is perfectly elastic, buyers will only buy at one price and no other. Perfectly Elastic Demand: When the demand for a good is perfectly elastic, any increase in the price will cause the demand to drop to zero.
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