0
Chocolate milk is generally considered to be inelastic in demand, meaning that consumers are less sensitive to price changes. This is due to its status as a popular beverage, often associated with comfort and enjoyment, leading people to continue purchasing it even if prices rise. However, factors such as brand loyalty and availability can influence this elasticity. Overall, while there may be some variations, the demand for chocolate milk tends to be relatively inelastic.
What else can I help you with?
Is the price and demand for junk food elastic or inelastic?
elastic
What will be the total higher quantity do in the elastic inelastic and unit-elastic?
The midpoint between elastic and inelastic is unit elastic
Is supply for bar soap inelastic or elastic?
is soap elastic or inelastic supply
Is a BMW an elastic or inelastic?
elastic
Is salt an elastic or inelastic product?
Inelastic
Is the price elasticity of milk elastic or inelastic?
I assume you are talking about the price elasticity of demand. . . It depends on the country you are dealing with, in countries with high GDP per capita, and particularly in the northern European countries, milk is an inelastic good, however in poorer countries milk can sometimes be an elastic good, especially in rural areas.
How do you determine if a collision was elastic inelastic or perfectly inelastic?
just check momentum before and after and if they're the same then elastic if not then inelastic.
Difference between elastic and inelastic demand?
difference between elastic and inelastic demand
Is fruit elastic or inelastic demand?
elastic
Demand for wine is elastic or inelastic?
Highly elastic.
Is the NHS as a service price elastic or inelastic?
elastic
What are the differences between an elastic and inelastic item?
An elastic item benefits from price decreases whereas an inelastic item does not.
