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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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If data are not reliable or not valid, the results of any test or hypothesis can be treated as realistic interpretation
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How Did The Han And Yan Dynasty Influence The Silk Road??
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What was economic blockade?????​
amm1812

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7 0
3 years ago
What was a power given by the Articles of Confederation?
photoshop1234 [79]

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<h3>What are the Articles of Confederation? </h3><h3 />

The Articles of Confederation were proposed by the Continental Congress, which became effective on November 15, 1777. The powers of state and national government were decided, and the power was being surged to use in a particular, directed way.

The article of confederation gave them the power they can print money, which includes money from various denominations. This amount is also fixed by them, and it is often given that the amount is given on leverage of gold. Therefore, option C is the correct option.

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