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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.

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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.

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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.


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what has more velocity corn syrup water orange juice or milk?

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Which juice has more acid tomato or orange juice?

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What has more nutrients milk or apple juice?

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