Usually if it's an basic good, or very important one.

because the price fluctuations do not affect the quantity sold.

a good example of that would be milk, if the milk gallon is say $8, and a family needs 1 gallon daily, they buy it for $8.

if the price drops to $7, they might buy 2, but they only need 1 everyday, just in case they may get another.

if the price drops to $4 or even $3, they're not going to get 10 gallons, there's no need for it on an everyday basis, besides is a perishable.

now if the price goes up to $12, they still need it, and will buy it for $12.

3 0

3 years ago

A chair costs ₹ 452 and a table costs ₹ 1750. What will be cost of 15 chairs and 30 tables?

gavmur [86]

Answer:

1 chair cost=$452

so of 15 chairs=$452×15=$6780

1 table cost=$1750

so cost of 40 tables=$1750×30=$5250

Total cost=$6780+$5250=$12,030

Step-by-step explanation:

5 0

3 years ago