What is the formula for energy transformation? An object that has potential energy has energy by virtue of position and is related by the Newtonian equation PE=mgh (where m equals mass in Kg, g the acceleration due to gravity—approximately 9.8 m/s2 near Earth’s surface—and h equals height in meters). Is a potato a bulb? Potatoes […]
What is the price elasticity of supply Can you explain it in your own words?
What is the price elasticity of supply Can you explain it in your own words? Price elasticity of supply measures the responsiveness to the supply of a good or service after a change in its market price. According to basic economic theory, the supply of a good will increase when its price rises. Conversely, the […]