Question

Why might the demand for massages be more elastic than the demand for chiropractic adjustments? Relative to massages, there are more substitutes for chiropractic adjustments. People get massages in the short run and chiropractic adjustments in the long run. Massages tend to be luxuries and chiropractic adjustments tend to be necessities. Massages are much cheaper than chiropractic adjustments.

Answer 1

Answer:

The last statement

Explanation:

Goods and services are said be elastics when there are more substitute for the goods or such services , when there are substitutes what does that mean, that means there are competitors for that good or service and relatively there is going to be price variations and fall of prices which determines the elasticity of such goods and services.

Goods that has more elasticity are more likely to be cheaper compared to goods that has less elasticity, less elasticity here means that there are no much close substitute or competitors.

Relating to the question, for the demand of massages to be elastics explains that there are close services to it, and for there to exist a close substitute, it means that there are competitors for the services and possibly a price fall, from here, we can say, massages are cheaper has the demand becomes more elastic compared to chiropractic adjustment which is less elastic compared to massages .

The last statement is the answer that explains the question.