0
If there are no readily available substitutes for a product it will tend to have what?
Wiki User
∙ 11y ago
When there are more substitutes for a product, the ________ for the product is ________.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What factors tend to make demand curves more price elastic?
Close substitutes, increased income, luxury goods, time. Addiction makes demand less elastic, (inelastic) ex. Cigarettes. As time increases more substitutes become available.
If a good is a necessity with few substitutes then the price elasticity of demand will tend to be?
lower
Will a product tend to be elastic or inelastic if the purchase of a product can be delayed?
The product will tend to be elastic if the purchase of a product could possibly be delayed.
Why does demand for substitutes tend to move in the opposite direction from each other?
Answer this question… A. When the price of a good goes up, consumers shift their demand to its substitute. B. Substitute goods have perfect unit elasticity for each other. C. Substitute goods tend to have inelastic demand. D. One of the substitutes is usually elastic, while the other is inelastic.
Do suppliers tend to produce less or more when the price goes up?
they tend to produce less because there are less demands for that product
What factors tend to make demand curves more price elastic?
Close substitutes, increased income, luxury goods, time. Addiction makes demand less elastic, (inelastic) ex. Cigarettes. As time increases more substitutes become available.
If a good is a necessity with few substitutes then the price elasticity of demand will tend to be?
lower
Will a product tend to be elastic or inelastic if the purchase of a product can be delayed?
The product will tend to be elastic if the purchase of a product could possibly be delayed.
Sodium and chloride ions combine readily because they both tend to lose?
true
Sodium and chlorine atoms combine readily because they both tend to lose electrons.?
false
What accessories tend to accompany ball dresses?
Ball dresses typically do not come with accessories when they are purchased. However, accessories such as wraps and gloves can be purchased at the time the dress is purchased, these items are readily available and can be color coordinated at the time of the purchase.
Why does demand for substitutes tend to move in the opposite direction from each other?
Answer this question… A. When the price of a good goes up, consumers shift their demand to its substitute. B. Substitute goods have perfect unit elasticity for each other. C. Substitute goods tend to have inelastic demand. D. One of the substitutes is usually elastic, while the other is inelastic.
Why can hypoglycemia cause lethargy?
Hypoglycemia is a condition where there is not enough sugar in your blood. Blood sugar is the most readily available fuel for your body to use in exercise. It seems natural that people who do not have enough fuel in their blood would tend to be less active.
Sodium and chlorine atoms combine readily because they both tend to lose electrons true of false?
True
What is product cost as cost of market segmentation?
When segmenting broad product-markets, cost considerations tend
The forecasting time horizon and the forecasting techniques used tend to vary over the life cycle of a product true or false?
Yes, they do tend to vary over the life cycle of a product.
Do suppliers tend to produce less or more when the price goes up?
they tend to produce less because there are less demands for that product
