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svet-max [94.6K]
3 years ago
9

Give an example of a good with elastic demand and explain why

Social Studies
1 answer:
slava [35]3 years ago
3 0

Answer:

hello there!

hope this answer will help you

Explanation:

Taking CLOTHING as an example

Clothing has elastic demand.

True, people have to wear clothes, but there are many choices of what kind of clothing and how much to spend.

When some stores offer sales, other stores have to lower their clothing prices to maintain demand.

Small stores that can't offer huge discounts go out of business.

During the Great Recession, many clothing stores were replaced by second-hand stores that offered quality used clothing at steeply discounted prices.

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because it rewrote federal law over the objections of Congress,

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Seven states, including Texas, sued the federal government in May 2018 arguing that DACA was unconstitutional because <u>it rewrote federal law over the objections of Congress</u>.

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5. Which of the following BEST describes the Indian economy?
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Which of the following is an example of a cinder cone volcano?
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2 years ago
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Hope this helps! :)

8 0
2 years ago
Read 2 more answers
Don and Cal are high school friends from the same hometown. After high school, Don started to work full-time as an overnight cle
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Answer:

the college wage premium

Explanation:

              The college wage premium is the difference between the average earnings  those earned by individuals with a college degree but is not a graduate and the one who did not attend college and do not have a college degree.

             In the context, Don and Cal are both friends. After their school, Don joined to work in an organization while Cal attended university and earned a college degree and then he joined an insurance company. Don earned 40,000 dollar in a year in his 10 years of work while Cal earned 70,000 dollar in one year after working for 5 years. This difference is due o the college wage premium which states that a college graduate degree would earn you more wage than a non graduate degree.

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