mypastyo mypastyo
  • 04-05-2020
  • History
contestada

How does the elasticity of a good affect its price?

Respuesta :

dingdanghotdog
dingdanghotdog dingdanghotdog
  • 04-05-2020

Answer:

Less elastic price = the price will stay around the same price. More elastic price = a lot of price fluctuation.  

Explanation:

If the good is essential, then its elasticity is less than other non-essential products.

Answer Link

Otras preguntas

the lcd for the fractions 1/3, 3/4, 5/32, and 8/9 is
what does it mean for a compound to be organic ?
4/9 of 15/8 is what and how,do u work this problem?
what was the name of Charlie Gordon's Landlady in 'Flowers for Algernon'
Please help, due tonight. A.Write an equation of the line in slope-intercept form that passes through the point and given slope. (0, -9) and slope = 4 B. The ta
the length of marshalls retangular poster is 2 times the width if the perimeter is 24 inches what is the area
volume d'une piscine olympique : 1000m3= ? L
Which cycle results in fossil fuels? Select one: a. carbon b. phosphorus c. nitrogen d. all cycles
Which member of the feudal system was MOST tied to the land?
In order to maximize profits early in the nineteenth century, what was a common practice of business owners?
ACCESS MORE