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vodomira [7]
4 years ago
9

Recently, much of the Western United States experienced drought conditions and water usage was restricted in Denver. Yet, even t

hough most people used less water, the price of water did not drop. When the drought was declared over, the water company raised water prices. However, the residents of Denver did not use less water. Here, water is1.price insensitive.2.price elastic.3.price inelastic.4.price sensitive.5.unitary elastic.
Business
1 answer:
koban [17]4 years ago
7 0

Answer: Price inelastic

Explanation:

The residents of Denver behave in a price inelastic manner to changes in price of water as observed in the question.

A price inelastic demand behavior is one in which changes in price of a commodity does not in any way influence the demand behavior of buyers in a market.

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3 years ago
On a particular day, the Dow Jones had a rate of change of -2.1%. Which of the following statements must also be true?
Ne4ueva [31]

Options :

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In what way is becoming a global organization advantageous to a company? managers are presented with fewer challenges in the glo
andrey2020 [161]
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4 0
3 years ago
While shopping for back-to-school clothes, Josie uses apps on her smartphone to comparison shop, and to obtain coupons and fashi
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Answer:

The correct option is

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4 0
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Answer:

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3 years ago
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