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Orange Juice is much more elastic than milk.
First of all, it represents an insignificant part of the consumer's budget
Secondly, it has a lot of close substitutes (IE. mango juice, etc.)
On the contrary, there is no single substitute for milk, unless you want
to dip cookies in orange juice, or cereal with mango juice.
What else can I help you with?
The demand for a product is likely to be more elastic when?
A product is likely to be more elastic the more dispensable or unnecessary it is to the consumer. For instance, if the price increases and the product is elastic, the consumer will not demand as much because they can do without it.
If because a modest price increase has little or no effect the demand for the product is?
If a modest price increase has little no no effect on the demand it means that the product is inelastic. Inelastic goods are those that people will need no matter what the price is, such as most medications, and food as a whole (not specific brands). Elastic goods are defined as goods were the demand fluctuates as the price fluctuates. These are different brands of foods (If Dole starts to charge more for apple juice consumers will switch to Tropicana orange juice.)
Will the supply of a good be more elastic if the price of the good increases?
Yes, the supply of a good will be more elastic if the price of the good increases.
Which firm is more likely to have an elastic supply?
A firm making underwear will need a supply of elastic.
The demand for orange is more elastic than for toothpaste but the price of orange fluctuates more than the price of toothpaste why?
In laymans terms it is because oranges are a crop that is dependant on the weather. A heavy frost can wipe out orange production causing supply to be lower than demand thus driving the price of oranges and orange products up. Toothpaste is a manufactured item that is not dependant on good weather and therefore supply can remain constant to keep up with demand.
Which liquid will freeze faster water orange juice or milk?
it is water as milk and juice has more ingredients
What has more calcium Milk or Orange Juice?
i think that orange juice is healthier than milk because it has calicium and potassium but has sugar and milk only has calcium and milk has fat Also orange juice has vitamin c but milk does not but if you were to have milk have goats milk because it is healthier
Which has more potassium 100 ml of milk or 100 ml of orange juice?
For the same serving size, the milk in my fridge has 510 mg and my orange juice has 430 mg. My milk has slightly more potassium. This may vary from brand to brand, but it seems that milk and orange juice have relatively similar amounts of potassium.
Is honey or orange juice or milk or water or bourbon or olive oil more dense?
The bourbon is more dense then the rest.
What has more vitamin c orange juice or grape juice?
Orange juice
Does milk freeze faster than orange juice and apple juice because of the amount of water in it?
Yes, milk freezes faster than orange juice and apple juice because it has a lower sugar content and higher water content, which allows it to freeze more quickly. Sugar and other solutes in orange juice and apple juice lower the freezing point, making them freeze more slowly than milk.
what has more velocity corn syrup water orange juice or milk?
Molasses because its thicker. Thicker means it has a higher viscosity.
Which juice cleans pennies best orange juice or grapefruit?
orange works better because it has more citric acids than apple juice does, all the apple juice will do is make the penny stickier.
Which juice has more acid tomato or orange juice?
Orange juice has more acid than tomato juice. Orange juice typically has a pH ranging from 3.3 to 4.2, while tomato juice has a pH ranging from 4.1 to 4.6. This means that orange juice is more acidic than tomato juice.
Does a banana in milk mold faster or does a banana mold faster in orange juice?
A banana would mold faster in orange juice because it is more acidic than milk. Molds can grow over a pH range of 2-8.5 however molds tend to grow better at an acidic pH.
What has more nutrients milk or apple juice?
Milk
What has more surface tension apple or orange juice?
Orange
