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
katrin [286]
3 years ago
12

Suppose that Juan Carlos is filling out a survey that he received in the mail. The survey asks him what he would do if the price

of his favorite toothpaste increased. Juan Carlos reports that he would switch to a different brand. The survey asks what he would do if the price of all toothpastes increased. Juan Carlos reports that he must use toothpaste, so he would have to adjust his spending elsewhere. These examples illustrate the importance
Social Studies
1 answer:
zepelin [54]3 years ago
3 0

Answer:

the definition of a market in determining the price elasticity of demand

Explanation:

In economics, the price elasticity of demand is the measure used to determine the responsiveness and the elasticity of a quantity demanded for a good or a service to increase in the price when nothing but only the price of the product changes. It is the measure to show the demand of a product in relation to the price change of the product.

In the context, Juan Carlos is is filling up a survey regarding the demand or purchasing of toothpaste when the price of the toothpaste changes. Thus this is important to study the price elasticity of demand of a product in the market economy.

You might be interested in
If you were an actor saying the line below what TWO vocal skills would you choose to show that the character is about to end the
Vikentia [17]
You would raise your voice to the person you are speaking to. You could also drop the volume of your voice when you say ‘I thought we were friends.’ Also really exaggerate the ‘were’ to show you were friends like in the past
7 0
2 years ago
What has two heads two tails and walks around on four legs?.
patriot [66]

Answer:

Snail, bird, rat, I don't know lol

7 0
2 years ago
The red arrows are pointing to what geographic feature of Russia?
andrey2020 [161]
The correct answer is b himalayas
8 0
3 years ago
Read 2 more answers
In which period would Native Americans have been MOST likely to practice hunting and gathering
Vsevolod [243]
Native Americans have been hunterers and gatherers up to the period when growing crops became available to them/when they discovered growing crops is a thing that could be done. The reason for this is that when you've started growing crops, you can safely stay on one spot and have a sufficient supply of food for a longer time period - this wasn't available before. However, even with the coming of agriculture, the still hunted and gathered as it was an important aspect of their life. 
7 0
3 years ago
In “Ambush,” which sentence best reflects the idea that O’Brien is more concerned with emotional truth than factual truth?
NemiM [27]
When we read "Ambush" we soon realize that it is quite true what one might suspect about O'Brien when we read about him - the fact that indeed he always seemed to wanted to hear emotional truth more than he did factual truth. There are multiple sentences which indicate this, but most commonly these are sentences when he starts talking and conceptualizing events in terms of their meaning, how they affected someone and how someone felt while they happened.
5 0
3 years ago
Read 2 more answers
Other questions:
  • Do you think racism still exists in society today? Why or why not?
    9·2 answers
  • As a listener, you have the ability to process words much faster than you generally need to while the speaker is sharing informa
    8·2 answers
  • The form of culture in which humans modify the environment to suit our wants and needs is referred to as
    8·1 answer
  • Unequal access to basic services is responsible for various criminal activities in South Africa. Critically discuss this stateme
    6·1 answer
  • A research paper arguing in favor of hand-gun control is
    15·2 answers
  • Describe how tree ring dating works. ASAP - Edgenuity.​
    15·1 answer
  • What does the boy's initial response to Mrs. Jones tell us about him? A. He's amazed at how strong she is. B. He always uses goo
    10·2 answers
  • Many spectators ___ chris's ability to natural talent, but chris is the first to claim that years of ___
    13·2 answers
  • Make a list of any five works that you do at your home.<br>I help my mother in the kitchen.​
    13·2 answers
  • HELP I NEED HELP ASAP
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!