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GuDViN [60]
3 years ago
10

Although the price of a chemical added to paint to protect surfaces from mold and mildew has almost doubled, the price of paint

has risen an average of only 5 percent, and the demand for both paint and the chemical that eliminates mold and mildew has remained stable. The demand for this chemical is:
Social Studies
2 answers:
V125BC [204]3 years ago
3 0

Answer: Inelastic

Explanation:

A good price is inelastic if a change in price leads to a small change in quantity demanded or does not significantly affect demand for the product.

mars1129 [50]3 years ago
3 0

Answer: Inelastic

Explanation: Taking cognizance of the changes in the price and demand of the chemical, one could say the chemical exhibits an inelastic demand. Usually, when prices increase, demand decreases ( elastic demand) . However, in the case of the chemical described, the price increased significantly such that it almost doubled the initial price while still maintaining a stable demand ( that is there was no decrease in supply). This is a typical inelastic demand scenario.

Conclusively, we can project that the chemical product has no substitute or a rather cheaper alternative, otherwise consumers might have turned their attention to the substitute product hence, leading to decrease in demand of the chemical.

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swat32

Answer: False

Explanation:

High-valence in terms of psychology is defined as the natural attractiveness which is related to emotion of the person.It creates the feeling of positive valence where goodness concerned with any place, situation or event is induced.Information's impact in terms of feeling highly arousal after hearing it such as excited .

According to the question ,John does not see the reward as high valance.he does not like travelling and trip to the places that does not speak the same language.So ,this information does not give him excitement arousal .So, it is a low valence reward for him.

Thus, the statement in question is false.

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AleksandrR [38]
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