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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:

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Explanation:

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These Puritan Separatists were very influenced by the teachings of John Calvin, a Swiss pastor who promoted a particular strict version of Protestantism.

Puritan Separatists were persecuted in England, and many of them fleed, initially to the Netherlands. However, they did not feel fully at ease there, and for this reason, seeked an alternative. They took interest in colonizing parts of North America, and eventually obtained a charter, and founded the Plymouth Colony in what is now Massachussetts.

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