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
Read the excerpt from Through The Looking Glass, by Lewis Carroll.
Rudiy27

Answer:

A on edge2020 trust me, the person above me is wrong. :(

Explanation:

i took the lesson. :) please can I have brainliest?  please give a thanks or rate 5 stars. :)

6 0
3 years ago
Read 2 more answers
How did the results of the election of 1828 differ from the results of the election of 1824?
Otrada [13]

oof..... I really want to help  but i don't know the answer

8 0
3 years ago
Why should Wars be avoided​
goldfiish [28.3K]

Answer:

~

War kills, injures and disables the very people who must carry it out.

8 0
3 years ago
Read 2 more answers
Which official chairs the proceedings of the U.S. House of Representatives?
kotykmax [81]
The C. Speaker of the House is the official who chairs the proceedings of the U.S. House of Representatives.
8 0
3 years ago
Read 2 more answers
If 90% of Natives in North America died from smallpox before the English arrived in 1623, and there were 5 million Natives here
Gala2k [10]
45 million I believe
6 0
3 years ago
Other questions:
  • Public relations professionals also have the burden of making ethical decisions that take into consideration four factors. Three
    13·2 answers
  • What comes to your mind when you hear the word “primitive?” “Civilized?”
    5·1 answer
  • In the context of psychology’s scientific method, the objective description of how a variable is going to be measured and observ
    5·1 answer
  • Need help! What are judicial opinions and precedents, and why are they so important?
    13·2 answers
  • People will have an easier time meeting their energy needs in the future if _____.
    7·1 answer
  • What are the challenges of HRD in Nepal​
    7·1 answer
  • ano sa palagay mo ang iba pang problema na kinakaharap ng mga mangingisda sa pilipinas? at paano sila matutulungan? ​
    7·1 answer
  • What are the three major highways connecting from New York to Canada?
    12·1 answer
  • Which of the following was a tactic used by the Viet Cong during the Vietnam War?
    7·2 answers
  • Why do third-party and independent candidates often fail to win elections?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!