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.
<span>a rule of thumb that is based on a past experience is called an heuristic</span>
Answer:
Aldi will experience shortage in food supply as it seeks to expand its outreach
Explanation:
Amazon's policy is a monopolistic one seeking to be in absolute control over food products. As Aldi prepares to expand its transaction in the US, Aldi will have to enter into agreement to supply on behalf of the company.
Aldi must seek rebranding and awareness creation in order to gain market recognition. Meanwhile, Aldi can also focus on their market strength to acquire the market
Answer: Protesting the Stamp Act
The distributors became so scared of the Sons of Liberty that many of them quit their jobs. They also gathered in large groups and protested in the streets. Their protests worked and the tax was soon repealed by the British government.