Exposure to the very high intensity electromagnetic fields found in the immediate vicinity of certain sources such as radar installations and TV or radio transmitters can produce electrical shock or a variety of heating effects, which may range from a sensation of warmth to burns and eventual cataract formation.
S 1 is a vertical, perfectly inelastic, supply curve. This represents 'momentary' supply. In most industries, if a firm was asked to produce a large order immediately, it simply would not be able to do it, regardless of the price offered for the order. Supply is perfectly inelastic in the very short run.
The demand curve in the lower panel diagram can be derived from the upper panel diagram. Since demand curve shows a relationship between price and quantity demanded of a commodity, the lower panel, like upper panel diagram, still measures the quantity demanded of commodity âXâ on the horizontal axis.