1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
3241004551 [841]
1 year ago
5

If a buyer has a critical or more important use of the product then the inelasticity of the demand increases. what factor is aff

ecting elasticity in this scenario?
Business
1 answer:
Ghella [55]1 year ago
3 0

If a buyer has a critical or more important use of the product then the inelasticity of the demand increases, then it is the importance of the product affecting elasticity.

A product is considered inelastic if its demand remains static even if there is a significant price change. It is generally the basic necessity product that are considered as inelastic product. Inelastic demand of the product ensures the adequate supply of goods. In inelastic demand case the quantity demanded is same despite the change in price and the demand curve is graphed out as a vertical line. These goods have no substitutes ensuring the quantity demanded remains unaffected.

In case of fall in the price, the demand remains same, generating less revenue. On the other hand, if price hikes, the business earns significant profit.

To learn more about inelastic demand click here:

brainly.com/question/13572905

#SPJ4

You might be interested in
An accounting firm reimburses employees for tuition and fees if they complete job-related coursework with a b or better. the acc
Vanyuwa [196]
The answer is maslow's levels of needs. The maslow termed physical, security, fitting, love, esteem, self-actualization and self-transcendence to define the array that a person inspirations usually change over and done with. The aim of maslow theory is to accomplish the sixth level of stage which is self transcendent requirements.
5 0
3 years ago
PLEASE ANSWER!!!!!!
PIT_PIT [208]
Companies that provide electricity normally provide that and nothing more, so your answer would be D!

Have a nice day! :)
7 0
3 years ago
Iliana’s gross pay is $2,130 per month. Her deductions total $270. She budgets for $1,000 in fixed expenses and $400 in variable
nexus9112 [7]
Lliana saved $460, her gross of which is $2,130 minus her total deductions which is $270. Her fixed expenses which $1,000 we know that it is liability like payment to the bills, the $400 variables expenses can be her food and transportation or other expense that she might need to spend. In calculation, the equation is $2,130 - $270 - $1,000 - $400 = $460
7 0
3 years ago
Read 2 more answers
Which type of briefing is delivered to individual resources.
ycow [4]
Field-level briefings
your welcome
6 0
3 years ago
Crest toothpaste targets different consumer _____ by offering different types of toothpaste for smokers than it does for childre
vodka [1.7K]

Answer:

segments

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question the term being mentioned is called consumer segments. This term refers to the practice of dividing a customer base into different groups depending on specific aspects such as age, gender, interests, and habits.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Read 2 more answers
Other questions:
  • Angela's car payment is due January 31. This bill is always paid automatically from her checking account. It is January 30 and A
    5·1 answer
  • Please help, career/health exlporation :(
    7·1 answer
  • A company’s stock is currently selling for 28.50. Its next dividend, payable one year from now, is expected to be 0.50 per share
    13·1 answer
  • A company produces a product with the upper specification limit of 22 inches long and the lower specification limit of 18 inches
    11·1 answer
  • Pick a well-known business organization that has received recent press coverage and that provides its annual reports at its Web
    8·1 answer
  • According to the liquidity preference model, the equilibrium interest rate is determined by the: International Monetary Fund. su
    14·1 answer
  • One of the top-selling items at a gift shop at Hilo, HI are autographed pictures of Jack Star. Sales are 18 pictures per week, a
    6·1 answer
  • What is the name given to a group of individuals working together to achieve shared job-related goals such as higher pay, shorte
    11·1 answer
  • What is the loss on disposal of a plant asset that cost $100,000, had accumulated depreciation of $24,000, and was sold for $60,
    13·1 answer
  • Caricom established the csme (caricom single market and economy) with the major goal of:__________
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!