The matching of the demand as relatively elastic or relatively inelastic can be done as;
- Klaus' demand for orange juice (Relatively elastic)
- Amanda's annual demand for coffee(Relatively elastic)
- Jackson's demand for mystery novels(Relatively inelastic)
- Hermy's demand for Minute Maid orange juice(Relatively inelastic)
- Olivia's daily demand for Starbucks latte(Relatively inelastic)
- Stephen spends a very little part of his income on soda(Relatively elastic)
- Xavier's demand for his economics textbook(Relatively inelastic)
<h3>What is Elasticity of demand?</h3>
Elasticity of demand can be regarded as the variation on the concept of demand.
It should be noted that elastic demand involves change in quantity demanded as a result of change in price.
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To promise a constitution
The fact that Saanvl deposits the $4,000, means that initially, the money supply remains the same.
<h3>What happened to the money supply after Saanvl's deposit?</h3>
After Saanvl deposited, the money was simply converted from cash to cash deposits at the bank.
Both of these things are considered to be a part of money supply so there is no change in money supply initially.
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Where’s the list of properties?
Answer is A
Explanation :
