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vodka [1.7K]
3 years ago
5

Explain why the demand for a brand new digital device might be elastic or inelastic. How might that elasticity change over time

once the device is no longer brand new?
Social Studies
2 answers:
Greeley [361]3 years ago
7 0
<span>Products that customers consider essentials or necessities tend to have less elasticity than products viewed as luxury or discretionary. If a customer believes he needs a certain product for survival, quality of life, or pleasure, he is more likely to stretch a bit to purchase the item if the price goes up. On the contrary, a product viewed as optional is a less likely purchase as the price increases because the customer believes he can live without it.Customer OptionsThe more options a customer has to meet a particular functional or emotional need, the more elastic a product's demand. This is why a company with a monopoly has a huge advantage. Customers don't have options and feel compelled to buy from the given provider. In highly competitive industries, price differentials are usually less among competing brands because of the ability customers have to select lower-priced alternatives. A closely related factor is the cost of switching brands. Cell phone customers often wait to change providers to avoid penalties if they are obligated to service contracts.
</span><span />
antoniya [11.8K]3 years ago
7 0
Customers don't have options and feel compelled to buy from the given provider.
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Answer:

e. It encourages intergroup understanding and cooperation.

Explanation:

Ethnocentrism refers to an attitude in which a particular culture believes that its own values and traditions are superior to those of other cultures. This can lead to contempt, misundertanding and even hate of outsiders. However, one of its positive effects is that it can create greater understanding, identification and cooperation among members of the same cultural group.

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The process of converting a neighborhood from low-income to middle-class or upper-class is
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The answer that will fit best in the question above is gentrification. It is because this is the process of having to be able to do an improvement or do some renovating in terms of a particular thing in which is a way of developing something into a more middle class taste.

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3 0
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The failure to retrieve a word from memory, combined with partial recall and the feeling that retrieval is imminent is known by
lbvjy [14]

Answer:

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The failure to retrieve a word from memory, combined with partial recall and the feeling that retrieval is imminent is known by psychologists as the "tip-of-the-tongue effect." The tip-of-the-tongue effect is the feeling you have when you can't just quite put your finger on it, a more common saying; "It's on the tip of my tongue." It's when you cannot remember a word, but you know more about the words background to know that if you think hard enough the word will pop in your mind.

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