An electronic oscillator is an electronic circuit that produces a periodic, oscillating electronic signal, often a sine wave or a square wave.
Elasticity of supply measures how the amount of a good changes when the producer hires more employees. Elasticity of supply measures how the amount of a good changes when the producer uses new materials. Elasticity of demand measures how the amount of a good changes when its price goes up or down. Elasticity of demand measures how the amount of a good changes when its distribution expands.
SIZE:Economists calculate elasticity as the percent change in quantity (supplied or demanded) divided by the percent change in price. If the resulting number is greater than 1, the supply or demand of the good is considered elastic. If it is less than 1, it is inelastic. EFFECTS:Whether the demand or supply of a particular good is elastic or inelastic depends in part on how essential it is to most consumers. Goods that are necessities for consumers everyday lives are more inelastic.