The matching of the demand as relatively elastic or relatively inelastic can be done as;
- Klaus' demand for orange juice (Relatively elastic)
- Amanda's annual demand for coffee(Relatively elastic)
- Jackson's demand for mystery novels(Relatively inelastic)
- Hermy's demand for Minute Maid orange juice(Relatively inelastic)
- Olivia's daily demand for Starbucks latte(Relatively inelastic)
- Stephen spends a very little part of his income on soda(Relatively elastic)
- Xavier's demand for his economics textbook(Relatively inelastic)
<h3>What is Elasticity of demand?</h3>
Elasticity of demand can be regarded as the variation on the concept of demand.
It should be noted that elastic demand involves change in quantity demanded as a result of change in price.
Learn more about Elasticity of demand
brainly.com/question/26576823
Answer:
Yes i can give you some
Explanation:
The Big Apple is a nickname given to Washington D.C in 1971.
True or False?
Muddy York is a nickname for New York in the Winter.
Peanuts are not nuts!
People may sneeze or cough while sleeping deeply.
Copyrights depreciate over time
Answer: His ability to describe the river with precise language improves as he gains more skills in steamboating .
Explanation:
