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

12.   The APA style is governed by which organization?        A. Association of Professional Architects   B. American Psychological Association   C. Asso
HELP QUICKLY PLEASE!!!!!
What does economic security and predictability mean?
Time period of a simple pendulum is measured at Karachi,what change will occur in the time period ,if it is measured on Mount everest
A marine biologist observed an organism. it had openings on its body through which food particles and water passed. which phylum does the organism belong to? cn
What is the surface area of the rectangular prism? Measurements: 4in, 5in, 10in Answers: 110in, 180in, 200in, 220in
How do you solve for x and state restrictions?
What is the square root of 265
Two lines, C and D, are represented by the following equations: Line C: y = x + 5 Line D: y = –2x – 1 Which of the following options shows the solution to
If the the length of a rectangle is 5cm longer than twice the length of the width and the area if the rectangle is 403 square centimeters,what is the width?