True, but could you elaborate on this ?
Answer:
2) perfectly vertical
Explanation:
When the price elasticity of demand is perfectly inelastic, the demand curve is perfectly vertical. This means that the quantity demanded will remain the same no matter what price.
In this scenario, the supply curve for oranges shifted to the left due to the early freeze, which results in a price increase at every level of quantity demanded. Since the demand is perfectly inelastic, the new equilibrium price will be determined by the how much the supply curve shifts.
Im not sure, sorry, I wish I could help
Answer: Brand position.
Brand position can be explained as the position or standing of the brand as compared to other companies or its peers. It shows the level of the brand and its credibility. Brand positioning is creating the image of brand in the mind of the consumers.
<span>It is irresponsible use of credit because his current income is too low. Hope I helped!</span>
