The price of cranberry juice suddenly increases. As a result, Glenda begins drinking more grape juice, which is less expensive,

Question

3 years ago

9

The price of cranberry juice suddenly increases. As a result, Glenda begins drinking more grape juice, which is less expensive,

but tastes just as good to her. In this case, Glenda’s elastic demand is due to
A. availability of substitutes.
B. relative importance.
C. necessities versus luxuries.
D. change over time.

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1 answer:

Angelina_Jolie [31] · Answer 1 · 2022-04-10T11:35:10+03:00

Angelina_Jolie [31]3 years ago

7 0

Im guessing a) availbility of substitutes the reason is because when i read this it makes me think the price went up because maybe cranberries are not in season but grapes are. Usually when something is not in season it cost more than when it was.