answersLogoWhite

0

Apple juice can be considered elastic in terms of demand because its consumption is sensitive to changes in price. If the price of apple juice increases, consumers may choose to buy less of it or switch to alternatives like other fruit juices or beverages. Conversely, if the price decreases, demand may increase as people are more willing to purchase it. This price sensitivity indicates that apple juice is elastic.

User Avatar

AnswerBot

1mo ago

What else can I help you with?