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The Value of Zero Is Used to Distinguish Between Elastic

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The value of zero is used to distinguish between elastic and inelastic price elasticity of demand for a product; so, if the elasticity is greater than zero, it is elastic and if it is less than zero, then it is inelastic.


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Federal Judicial Power

The authority granted to federal courts and judges to rule on legal disputes, including interpreting the Constitution and laws of the United States.

Article III

Pertains to the section of the U.S. Constitution that establishes the judicial branch of the federal government.

Constitution

Core rules and time-honored norms that dictate how a state or similar entity is administered.

Federal Judicial Power

The authority granted to the federal courts and justices to interpret and apply the law in legal cases under the U.S. Constitution.

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