- <em>A </em><em>pag-aararo</em>
- <em>D.</em><em> </em><em> pagiging katulong sa ibang bansa</em>
- <em>D </em><em>.</em><em>pag </em><em>gawa </em><em>Ng </em><em>kasangkapang </em><em>elektroniks</em>
- <em>A.</em><em> </em><em>komunismo</em>
- <em>Saudi </em><em>Arabia</em>
<h2><em>hope</em><em> it</em><em> helps</em><em>!</em></h2>
The switching from old gas guzzlers to more fuel-efficient cars is an example of substitution effect.
Substitution effect is the switching of customer from a more expensive product to a cheaper product. This is usually because of an increase in price or a decrease in the customers income.
Substitution effect can be positive for consumers if they can continue to by the products they like. Also, this effect can be negative for consumers if it results in fewer choices of that product or products of lower quality.
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Answer:
A, D, E
Explanation:
You can't tell the other two options by the picture. Good luck on your assignment!! <3
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.
Learn more about Elasticity of demand
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