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What accurately describes in which consumers have elastic demand?
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What accurately describes a situation in which consumers have elastic demand?
Ppl give up eating pasta and breadbc they want to lose weight - apex :)
Which of the following accuratly describes a situation in which consumers have elastic demand?
People give up eating pasta and bread because they want to lose weight
What accurately describes a situation in which consumers have inelastic demand?
People cannot quit drinking coffee even though they want to cut down on caffeine intake.
What goods or services might a tax increase be hardest to pass on to consumers?
a product with elastic demand
What term describes the total demand of all consumers for a company's product or service?
market demandAnother AnswerGlobal market demand would cover all consumers.
What accurately describes a situation in which consumers have elastic demand?
Ppl give up eating pasta and breadbc they want to lose weight - apex :)
Which of the following accuratly describes a situation in which consumers have elastic demand?
People give up eating pasta and bread because they want to lose weight
What accurately describes a situation in which consumers have inelastic demand?
People cannot quit drinking coffee even though they want to cut down on caffeine intake.
What goods or services might a tax increase be hardest to pass on to consumers?
a product with elastic demand
What term describes the total demand of all consumers for a company's product or service?
market demandAnother AnswerGlobal market demand would cover all consumers.
Accurately describes a surplus?
consumer demand for a certain car is below the number of cars that are produced
Which accurately describes a shortage?
When demand for something is greater than the ability, or desire to supply that 'something'.
Does the existence of a bandwagon effect makes demand more price elastic at each price?
Yes, it certsinly does. The demand curve will be more elastic if there is a bandwagon effect than if the demand is based only on the functional attributes of the commodity. "BANDWAGON, SNOB, AND VEBLEN EFFECTS IN THE THEORY OF CONSUMERS' DEMAND" (Leibenstein, 1950)
Demand and its types?
Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.
What describe a situation in which consumers have elastic demand?
Ppl give up eating pasta and breadbc they want to lose weight - apex :)
When demand is elastic?
The demand is elastic when the price is low. So people will buy more good so that it's demand will become more elastic. Moreover ,the demand is elastic when there are some new inventions.
When a firm's marginal revenue is zero what can be said about the elasticity of demand for the output of the firm A. Demand is inelastic. B. Demand is elastic. C. Demand is unit elastic.?
Demand is unit elastic.
