The signal would be: prices.
When the prices of a certain product is high, it would give signals to the seller to increase the production of that product.
the prices also determine how much material and type of production technique that the sellers can afford to use.
D. holistic <span>The study of all aspects of culture makes anthropology:
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I believe the answer is: in-elastic
A product is considered to be inelastic if the change in price do not or has very little impact of the product demand.
From the scenario above, we can see that even though the price drops, the percentage is still way below the amount of price icnreased (10% : 30%) , so we can consider the product to be inelastic.
