Here, the Jeep is an elastic product.
<u>Explanation:
</u>
According to the economics, a product is said to be an elastic product when the price of the products increases or decreases resulting in a drastic change in the demand of quantity of the product. While a product is said as the inelastic product when the price of the product differs or fluctuates resulting in little changes in the quantity demand of the product. Here, <em>when the Jeep's price dropped down by $4500, the quantity and demand of the Jeep increases. Therefore, there were a lot of shoppers who bought a Jeep</em>.
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People do judge behavior. The clinicians must take into account what aspect of behavior such as Cultural Norms.
<h3>What are the cultural norms?</h3>
Cultural norms are said to be the required standards that people often live by. They are known to be the shared expectations and rules that leads or aid the behavior of people found in a social groups.
Conclusively, Theses norms can be learned and reinforced either from parents, friends, teachers, etc. and often when growing up in a specific society.
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There are many reasons for the non-development of industries and factories in Mahalaxmi municipality, one of them is a lower population of about 112,000 people.
Other reasons that are associated with the non-development of industries and factories include the following:
- Low investments from wealthy individuals associated with the town.
- Neglects from the government.
- The location of the Mahalaxmi municipality.
- The conception of Mahalaxmi municipality as a local area.
- The size of the area is less than 30km².
- And the general poverty level of India as a nation.
Hence, in this case, it is concluded that Mahalaxmi municipality is generally a small town.
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