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elixir [45]
3 years ago
8

Which is an example of something that is inelastic?

Business
1 answer:
sweet-ann [11.9K]3 years ago
5 0
-Inelastic means that the consumers will still purchase the product at the same rate despite price changes.
-The answer would be cancer medication, because the consumer would still need to buy this regardless of price. Even if it puts them in a financial bind.
-When having your on a car or watch, if the price of that item increases, you could be less likely to buy it.
-When picking out a hamburger at a restaurant, the customer is most likely to by a cheaper burger if they are on a budget.
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arbitration

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It is an economic condition that occurs when a country is importing more goods than it is exporting.

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C. retailer

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Demand schedule:

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