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3 years ago

Examples of Elastic

English

1 answer:

SCORPION-xisa [38]3 years ago

6 0

Answer:

Heinz soup. These days there are many alternatives to Heinz soup.

Shell petrol. We say that petrol is overall inelastic.

Tesco bread. Tesco bread will be highly price elastic because there are many better alternatives.

Daily Express.

Kit Kat chocolate bar.

Porsche sports car.

Soft drinks. Soft drinks are not a necessity, so a big increase in price would cause people to stop buying or look for other brands.

Cereal. Like soft drinks, cereal is not a necessity and there are many different choices.

Clothing.

Electronics.

Cars.

Explanation:

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Examples of Elastic​

Examples of Elastic