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AveGali [126]
3 years ago
6

A good’s price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are p

riced approximately the same, which one has the most elastic demand?
1. Sports car
2. Chemotherapy for cancer patients
Business
1 answer:
Ymorist [56]3 years ago
3 0

Answer:

Correct option is Sport car

Explanation:

Sports car will have a more elastic demand compared with the chemotherapy treatment for cancer patients.

The price elasticity of demand for a goods is also dependent on how you define the goods.

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FinnZ [79.3K]

Answer:

The correct answer is *to provide a place for people to trade goods and services

Explanation:

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a market is a place where the sellers and buyers meet and trade, in which the buyers buy what they need and want from the sellers at a price both of them can agree upon.

8 0
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On December 20, 2017, Butanta Company (a U.S. company headquartered in Miami, Florida) sold parts to a foreign customer at a pri
rjkz [21]

Answer:

The appropriate solution is:

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Explanation:

According to the question,

(a)

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(b)

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