Answer:
B.Add Demand 1 to right of Demand.
Explanation:
This is because we want to increase quantity while decreasing price, so we would want to add anouther demand line to the left of the origanal to make it so that we decrease price but increase quantity.
<span>Products that customers consider essentials or necessities tend to have less elasticity than products viewed as luxury or discretionary. If a customer believes he needs a certain product for survival, quality of life, or pleasure, he is more likely to stretch a bit to purchase the item if the price goes up. On the contrary, a product viewed as optional is a less likely purchase as the price increases because the customer believes he can live without it.Customer OptionsThe more options a customer has to meet a particular functional or emotional need, the more elastic a product's demand. This is why a company with a monopoly has a huge advantage. Customers don't have options and feel compelled to buy from the given provider. In highly competitive industries, price differentials are usually less among competing brands because of the ability customers have to select lower-priced alternatives. A closely related factor is the cost of switching brands. Cell phone customers often wait to change providers to avoid penalties if they are obligated to service contracts.
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Answer:
I am so sorry for this answer but, I don't know this and I don't want to ignite your question I hope someone else can help you with this and that could can get the answer just in time!!
Explanation:
I am not sure of what this answer is so I have no explanation or a reasoning!!
