4 years ago

Consider these situations. In each situation, is the demand for the good elastic or inelastic?

History

1 answer:

ankoles [38]4 years ago

4 0

Answer:

A) elastic

B) inelastic

C)inelastic

Explanation:

A product is considered to be elastic if the quantity demand of the product changes drastically when its price increases or decreases. Conversely, a product is considered to be inelastic if the quantity demand of the product changes very little when its price fluctuates.

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