| Thus, the imperfectly competing firms faced a more elastic demand for their services than would a monopoly railroad. |
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| He had tooled up for one level of demand and now faces an entirely different and, more importantly, elastic demand. |
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| A supply network design problem is addressed under a price elastic demand from the market. |
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| This paper focuses on the design of railway timetables considering a variable elastic demand profile along a whole design day. |
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| We extend a perfect inelasticity on demand with cost minimization to an elastic demand hub location design with profit maximization. |
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| In the first place, it must be remembered that producers individually are faced with perfectly elastic demand and are therefore completely rational in their individual decisions. |
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| For example, seniors have a more elastic demand for movies than do young adults because they generally have more free time. |
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| The price for buyers with elastic demand is set lower than the price for buyers with inelastic demand, as the latter are less sensitive to price increases. |
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| If we are serious about maintaining face-to-face public services for future generations despite a finite tax base and elastic demand, we need nothing less than revolutionary thinking. |
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| A competitive company has a perfectly elastic demand curve meaning that total revenue is proportional to output. |
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