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Brums [2.3K]
2 years ago
10

Which of the following products has elastic demand?

Social Studies
2 answers:
SOVA2 [1]2 years ago
5 0
It's between b and c because they are good examples but c is more recommended
ipn [44]2 years ago
3 0
C. gasoline 
As the price of gasoline increases the quantity does not

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Answer:

Individual behavior is, to be blunt, the behavior of an individual. It’s categorized by a singular person and their reactions/responses. It may be summed up or kept as a single value. A group reaction is how specific types of people respond to something, such as a particular faction or generation.

Example (I made this up): “Drake asked 50 kids who their favorite celebrity was. 15 of those kids were on the football team. 13 kids said that they like Jerry Rice, 17 said Taylor Swift 6 said Eminem, and 14 said Ed Sheehan. What can we assume from Drake’s poll?”

We can assume that the 13 kids who like Jerry Rice are on the football team, as he’s a football player and a large number of the poll was the football team.

That was an example of group behavior- they tend to like the same things. Individual behavior would be: “How many kids prefer PB&J over a regular sandwich?”. Those behaviors/resonses are added up for a statistic, making a group behavior, such as “Most kids prefer PB&J“.

Hope this helped :)

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