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

Unit circle , finding the angle please help
Please help. Thank you :)
How do I calculate the rate of something dissolving?
Read the sentence. It is important to avoid harmful exposure to the sun’s direct rays. Which group of words is the complete infinitive phrase in the sentence?
Tim and Tom are painters. Tim and Tom are painting a crate. Tom paints 10 sq ft per minute. They painted a particular crate in 1 day. Tim uses a sprayer and is
collisions between Earth's plates push rock down toward the heat of Earth
someone please help me solve this thank you. @ the nicholas one
Name the three committees that run each of the major political parties and the functions of each committee.
The number |x| is the distance between 0 and x. It can never equal a _____ number. Help!
Why might the constitution give the power to regulate trade among the states to the federal government? explain?