Concept
Rotational transformations involve the rotation of objects or coordinate systems around a fixed point or axis, fundamentally altering their orientation in space without changing their shape or size. This concept is pivotal in fields ranging from computer graphics to mechanical engineering, enabling the simulation of physical rotations and the analysis of rotational dynamics.
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Concept
Supply and demand elasticity measures how sensitive the quantity supplied or demanded is to a change in price, with elasticity greater than one indicating high sensitivity and less than one indicating low sensitivity. Understanding elasticity helps businesses and policymakers make informed decisions on pricing, taxation, and resource allocation, critical for market efficiency.
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