0

Subjects>Business>Economics

What is Nestle elasticity of demand?

Anonymous

∙ 12y ago

Updated: 4/28/2022

it is price elastic around -1 because consumers do not want to buy chocolate if in recession. This type of market is inconsistent and depends on the prices heavily, if prices change it will have a direct affect upon the demand for it

Wiki User

∙ 12y ago

What else can I help you with?

Continue Learning about Economics

What are the 3 types of elasticity?

1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand

If the elasticity of demand is equal to one then the demand is?

Unitary elasticity is when the price elasticity of demand is exactly equal to one.

Distinguish between price and income elasticity of demand?

distinguish between price elasticity of demand and income elasticity of demand

Method for measurement of Elasticity of Demand?

there are three methods of measuring elasticity of demand

Cross elasticity of demand?

In economics , the cross elasticity of demand and cross price elasticity of demand measures the responsiveness of the quantity demand of a good to a change in the price of another good.

Related Questions

What are the 3 types of elasticity?

1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand

If the elasticity of demand is equal to one then the demand is?

Unitary elasticity is when the price elasticity of demand is exactly equal to one.

Distinguish between price and income elasticity of demand?

distinguish between price elasticity of demand and income elasticity of demand

Would the concepts of cross elasticity of cross elasticity of demand and income elasticity of demand be of any interest to a pharmaceutical company?

I am at a loss for the answer please help me.

Method for measurement of Elasticity of Demand?

there are three methods of measuring elasticity of demand

Cross elasticity of demand?

In economics , the cross elasticity of demand and cross price elasticity of demand measures the responsiveness of the quantity demand of a good to a change in the price of another good.

What is Short run and long run price elasticity of demand?

is the long run elasticity of demand is ever smaller than the short run elasticity of demand.

What are different types of elasticity?

The elasticity of demand refers to how sensitive the demand for a good is to changes in other economic variables. The different types are: price elasticity, income elasticity, cross elasticity and advertisement elasticity.

What are the determinants of income elasticity of demand?

write a note on determinates of income elasticity of demand

How does the elasticity of demand influence the tax revenues?

Elasticity of demand influenced tax revenues

How does elasticity of demand influence tax revenue?

Elasticity of demand influenced tax revenues

What is the difference that exists between arc elasticity of demand and point elasticity of demand?

Arch elasticity demand is the percentage change in one variable divided by the percentage change in another variable, it calculates the elasticity over a range of values, while point elasticity of demand uses differential calculus to determine the elasticity at a specific point

Trending Questions

Average cost of a house in 1949? When using price competition a business does not want to have the most expensive product on the market True or false? Industrial strike and its impact on productivity? How many dollars would 1 pound buy in 1944? How does the greater elasticity of supply and demand for a good impact its market dynamics and pricing? The idea that producers make goods that consumers like and are willing to pay for is a principle of what economic systems? If a nation has GDP of 12500 billion and GDP per capita of 62500 what is the nation's population? How can businesses leverage learning economies to enhance their competitive advantage in the market? What is worth more a dollar or a dime? What fraction of elite business travelers felt that us treated its foreign vistors worse than any other country in the world? Is a widget a normal or inferior good? Is the 5000 peso bill still in circulation? How much Indian rupees against US dollars from 1980 to 2010 in chronological order? What are the major decisions in production? How in us currency is 1100 pesos? How can bodies of water play an important role in sharping human society and economy? Does third degree price discrimination take up all consumer surplus? How do you use cogitate in a sentence? What happens to a nation's balance of trade when its currency depreciates? Can total spending be a greater dollar amount than the money supply?

Resources

Top Categories

Product

Company

Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.