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rusak2 [61]
4 years ago
6

Why is demand for fresh strawberries elastic?

Advanced Placement (AP)
1 answer:
OLga [1]4 years ago
6 0

Answer:

The easy access to substitutes for berries is likely to be one reason why demand is own-price elastic. Among the four types of berries, the retail demand for strawberries is the least responsive to the price with an elasticity of-1.26.

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