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

Andy estimated that he would need 71 feet of lumber for a tree house project. He later found that the actual amount of lumber needed was 60 feet. What was the p
what type of seismic wave shakes particles at right angles to their direction of travel?
Mrs.Morales wrote a test with 15 questions covering spelling and vocabulary.spelling questions (x )are worth 5 points and vocabulary questions (y)are worth 10 p
Fern ir read 5/7 of the pages in his 98 page book.how many pages does he have left?
Coal-burning factories and increased automobile usage has caused a significant increase in A) air pollution. B) nuclear waste. C) water pollution. Eliminat
what does at least and at most mean?
what were the causes and effects of the pueblo rovolt?
Select all choices that apply. Mark the statement if it accurately describes Isaac Newton’s achievements. A. His theory of universal gravitation revolutionized
What are two components that make up force?
Which is bigger 12.5% or 3/20