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

What is the range of possible sizes for side x?
Help on this please.
Melanie invested $9,800 in an account paying an interest rate of 4.5 compounded quarterly. Amelia invested $9,800 in an account paying an interest rate of 4.75
Coach King is holding a free-throw shooting contest for some students in his PE class. The students participating in the contest shoot 50 free throws each. The
DuBois helped sustain his family by accepting jobs from white people. In this sentence from paragraph 2, the word sustain means A) endure. B) prolong. C) suppor
What caused the rise of Japanese imperialism? •China attacked Japan. •It was a response to Western imperialism. •The U.S. invaded Japan. •China's increased trad
A- 5 = 31 0.5b - 5 = 31 2c - 5 = 31
What are the civilization which are still exists?​
Scale word problem Someone please help!!
A contractor has two choices for billing a completed job. · $500 flat rate, regardless of the number of hours worked · $20 per hour worked the graph shows the r