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Natali [406]
11 months ago
9

The price of a camera decreases from $200 to $180, and in response to the price change the quantity demanded increases from 60 t

o 70 units. Therefore, demand for cameras in this price range is.
Business
1 answer:
bonufazy [111]11 months ago
7 0

The price of a camera decreases from $200 to $180, and in response to the price change the quantity demanded increases from 60 to 70 units. Therefore, demand for cameras in this price range is inelastic.

An economic word known as "inelasticity" describes an item or service's unchanging quantity when its price varies. When prices rise, consumers' purchasing patterns essentially stay the same, and when prices fall, those same purchasing patterns still hold true. This is known as inelastic demand. When an item or service's quantity remains constant when its price increases, it is said to be "inelastic. "When a good or service's price increases or decreases, consumers' purchasing patterns essentially stay the same. The same is true when the price of the good or service decreases. The demand for an item or service that is totally inelastic would not fluctuate regardless of price; however, no such good or service exists. Elastic contrasts with inelastic.

To learn more about inelasticity visit here;

brainly.com/question/28192591

#SPJ4

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a nurse teaches a client who is being discharge home. the client has a t-tube after an open cholecystectomy. which statement mad
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The statement made by the client that I need or require a diet which do not have a lot of fatty foods

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The correct answer is A: %70,154

Explanation:

Giving the following information:

True: Finding the present value of cash flows in future years tells you how much you would need to invest today so that it would grow to equal the given future amount.

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