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scoundrel [369]
2 years ago
9

10. What impacts the elasticity of demand?

History
1 answer:
Arlecino [84]2 years ago
4 0

Answer:

Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price.

Explanation:

hope this helps

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Louisiana Purchase summary: The United States bought 828,000 square miles of land from France in 1803. The French controlled this region from 1699 until 1762 when it became Spanish property because France gave it to Spain as a present, since they were allies. But under Napoleon Bonaparte, France revived the aspirations to build an empire in North America so the territory was taken back in 1800. However, those big plans were not meant to be because Napoleon needed to concentrate on preparations for war with the British Empire and so the land was sold to the United States. The price was 15 million dollars.

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