What Is Price Elasticity of Demand?

Price elasticity of demand is a crucial concept to understand in investing. It helps investors understand whether a company has pricing power or not.

Can it increase profits by raising prices, leading to increased profits? Or will the price increase lead to a drop in demand that ultimately hurts profits? A basic understanding of price elasticity will help you answer critical questions about the stock you are considering investing in.



It’s a simple equation to understand but tricky to sink in, so let’s embellish it with some examples. The price elasticity of demand is the percentage change in quantity demanded divided by the percentage change in price.

So, for instance, if Company A raises its product price by 10% and the demand falls by just 5%, its price elasticity of demand is 0.5. Alternatively, if Company B increases its product price by 10% and demand decreases by 10%, its price elasticity of demand is 1.

In this example, you could argue that Company A has more pricing power than Company B because demand for its product goes down less than for Company B. In this example, demand for Company A’s product is more inelastic than for Company B's product.

The following table shows these concepts. Working through the table, perfect price inelasticity is when demand for a product won’t change when the price moves; an example includes a life-saving pharmaceutical. If the drug will save a life, then most people will demand it regardless of a change in the price.

Perfect price elasticity is when demand moves infinitely given a price change, with an example being two producers of a commodity selling them side by side. If there are two producers of identical bananas selling them side by side in a supermarket at the same price, and one of them changes the price, then the lower-priced seller will get all the demand while the higher-priced seller will get none.

Unitary elastic demand occurs when a change in price results in a corresponding change in demand.

It’s important to note that perfect inelasticity and perfect elasticity are polar conditions used to explain a concept. In the real world, all products are somewhere between having a price elasticity of demand of zero and infinity.



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Self Priming Centrifugal Pump Market 2023: Latest Technologies and Future Trends by Top Key Players Forecast to 2030 .

 

Self Priming Centrifugal Pump Market [100 Pages] report provides granular analysis for business looking to gain opportunities and demand scope of Top manufacturers. 

It also covers market segment by type [Multistage Self Priming Pump, Single Stage Self Priming Pump,], application [Agriculture, Household, Light Commercial, Other ].



The most recent global "Self Priming Centrifugal Pump Market" research report for 20232029 offers in-depth details on market demand, present trends, and most recent modifications that are anticipated to have an impact on the market's growth in the ensuing year. 

New company development, price, revenue, gross margin, market size, share, and projected growth are all covered in this report. It also discusses the emerging market tactics used by top competitors.

 Additionally, the analysis offers details on the main market players, emphasizing the market's size, segmentation, including product type, application, and region, competitive landscape, current situation, and growth trends.

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Soccer Balls, Footballs & Quantum Mechanics: A New “Spin” on Ergodicity Breaking.

 

Scientists observed unique ergodicity-breaking behaviors in the C60 molecule’s rotations without breaking symmetry using advanced infrared spectroscopy. This discovery offers new insights into quantum system dynamics and promises further molecular investigations.

Researchers led by JILA and NIST Fellow Jun Ye, along with collaborators JILA and NIST Fellow David Nesbitt, scientists from the University of Nevada, Reno, and Harvard University, observed novel ergodicity-breaking in C60, a highly symmetric molecule composed of 60 carbon atoms arranged on the vertices of a “soccer ball” pattern (with 20 hexagon faces and 12 pentagon faces). Their results revealed ergodicity breaking in the rotations of C60. Remarkably, they found that this ergodicity breaking occurs without symmetry breaking and can even turn on and off as the molecule spins faster and faster. Understanding ergodicity breaking can help scientists design better-optimized materials for energy and heat transfer. The study was published on August 17 in the journal Science.


Many common everyday systems — such as heat spreading across a frying pan and smoke filling a room — exhibit “ergodicity.” In other words, matter or energy spreads evenly over time to all system parts as energy conservation allows. On the other hand, understanding how systems can violate (or “break”) ergodicity, such as magnets or superconductors, helps scientists understand and engineer other exotic states of matter.


In many cases, ergodicity breaking is tied to what physicists call “symmetry breaking.” For instance, the internal magnetic moments of atoms in a magnet all point in one direction, either “up” or “down.” Despite possessing the same energy, these two distinct configurations are separated by an energy barrier. The “symmetry breaking” refers to the system assuming a configuration with lower symmetry than the physical laws governing its behavior would allow, such as all magnetic moments pointing “down” as the default state. At the same time, since the magnet has permanently settled into just one of two equal-energy configurations, it has also broken ergodicity.


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Rigid Plastic Packaging Market Trend Analysis, Latest Revenue Figures, Business Outlines, Growth Insights, Industry Supply, and Forecasts until 2029.

 

Rigid plastic packaging market is expected to witness significant growth in future due to its increased demand in end-use industries. In addition, the global rigid packaging market has witnessed considerable growth in recent years, mainly driven by growth in modern retailing, high consumer income, and acceleration in industrial activities, especially in the emerging economies.

"PE material accounted for the largest market share during the forecast period"

Polyethylene is produced by the polymerization of ethylene and can be self-sealed under controlled heat. It is highly durable, versatile, and resistant to moisture and light. It is therefore widely used in rigid plastic packaging. Polyethylene provides a good barrier against moisture but a relatively poor one against oxygen and other gases. Low-Density Polyethylene (LDPE) and High-Density Polyethylene (HDPE) are used for manufacturing blister packs.

The PE Material segment accounted for the largest share of the global rigid plastic packaging market in 2021.This growth is attributed to its highly durable, versatile, and resistance to moisture and light properties. It is therefore widely used in rigid plastic packaging.

"Bottles and Jars to command the largest market share in rigid plastic packaging market during the forecast period."

Rigid plastic bottles are used for packaging various products such as water, juices, carbonated soft drinks, cosmetics, food products, personal care products, and pharmaceutical products. Most of these bottles & jars are made from PET, PE, PP, HDPE, PS, and PVC. They can be molded into various forms, sizes, and shapes to stuff anything ranging from cream to pesticides. Polyethylene terephthalate is used in several packaging applications, as it is an excellent water and moisture barrier material. Also, plastic bottles made from PET are widely used for mineral water and carbonated soft drinks.

"The beverages segment is projected to grow at a highest rate during the forecast period."

From airtight wraps to shelf-stable bottles and containers, plastic packaging plays a key role in delivering safe food from farm to table and is a material of choice for freezing foods for longer-term storage. Beverages include various types of drinks based on their constituents and their compositions. There are various types of beverages, such as alcoholic and non-alcoholic. Global players are aiming at using innovative packaging materials developed from degradable and recyclable materials in order to achieve sustainability.

The beverage segment led the rigid plastic packaging market, by application, with a share of the overall market, in terms of value, in 2021. The segment is expected to grow due to factors such as consumer demand for portion control and single-serve products.

"Europe to be the Second-largest market for rigid plastic packaging"

The Europe was the second-largest market of the rigid plastic packaging market during forecast period. The food and beverages industry is the largest consumer of rigid plastic packaging in Europ, followed by healthcare, industrial, and cosmetic & toiletories. The rigid plastic packaging market in Europe is likely to witness steady growth over the forecast period as a result of the increase in spending on consumer-packed goods and growth in industrial activities.

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Arc System Works Announces Season 3 DLC and New Mechanics for Guilty Gear Strive.

Right before the top 6 finals for Guilty Gear Strive at Evo 2023, Arc System Works made some special announcements. The first DLC character for Season 3 of GGST will be Johnny, a highly requested character. Johnny showcased some of his new moves and mechanics during the announcement.

Johnny will be able to throw cards in the air and on the ground, which he can then slash. He also possesses sword and dashing moves. In addition to Johnny, other characters like May, Faust, Ramlethal, Anji, and two other characters will have new special moves at the start of the new season. The rest of the launch cast will receive new attacks in future updates.

Two new mechanics were revealed for Guilty Gear Strive. The first is Wild Assault, a fast dash attack that can be performed with quarter circle forward plus Dust, but it consumes 50% of the Tension Gauge. The second mechanic is the Deflect Shield, a defensive move that allows players to block any type of incoming attack, including overheads, lows, and projectiles. However, it requires 50% of the Burst Gauge and provides new punish opportunities.

Season 3 for Guilty Gear Strive will kick off on August 24, with the release of Johnny along with the new balance and system updates. The season will include a total of four characters, with the second one arriving in 2023 and the last two in 2024. Season Pass 3 offers the new fighters, two new stages, Season 3 fighter colors, and extra colors 13-15 for the entire cast.

Players can watch the trailers for Johnny and the Season 3 update on YouTube, which showcase the new content and features.

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Too many consumers are being scammed by auto mechanics, claims a new report.

 

It can be a nightmare when your car breaks down, but many consumers are left putting their trust in a mechanic they don’t know for a procedure they don’t understand and at a price that seems unfathomable.

Are you being scammed? Maybe, maybe not. Fortunately, you’re not alone. A new study by brings to light the experiences of 1,000 different consumers and the kinds of scams they’ve encountered.

"Roughly 35% of car owners have been scammed by a mechanic,” Paul Knoll, marketing director at Turn5 and AmericanTrucks.com, told ConsumerAffairs, noting that the most common scam is upselling unnecessary repairs, costing consumers an average of $975.

“But the most costly scam is when mechanics charge their customers for new parts, but they actually install used or lower-quality parts.”

Knoll says that little trick costs consumers an average of $1,295 each time it happens.

And that’s not even half of it.

Scammed men lose an average of $145 more than women.


A majority of car owners (56%) say that they were scammed due to limited knowledge of cars.


Compared to mainstream car drivers, luxury car drivers lose an average of $1,275.


Three-quarters of mechanic scams occurred at auto repair shops and 25% at car dealerships.


Approximately one in five car owners have difficulty identifying auto repair scams.


Gen Z (52%) was most likely to have fallen victim to a mechanic scam, while Gen X (44%) was least likely.

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Centrifugal Pump Market Size, Share, Top Companies and Industry Segmentation 2023-2028

The latest report published by IMARC Group, titled “Centrifugal Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market share.

 The report also includes competitor and regional analysis, and contemporary advancements in the market. 

This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

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