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

Explain what is the same about two fractions that are like fractions
having troubles with inequalities.. 3.8x + 14.5 < 32
which trinomial is equivalent to (3x-1)(x+4)
what is the sum of 7/10 and 6/100
Explain what is the same about two fractions that are like fractions
having troubles with inequalities.. 3.8x + 14.5 < 32
having troubles with inequalities.. 3.8x + 14.5 < 32
what is the sum of 7/10 and 6/100
which trinomial is equivalent to (3x-1)(x+4)
which trinomial is equivalent to (3x-1)(x+4)