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Peas and fresh tomatoes are considered more elastic because their demand is more sensitive to price changes; consumers can easily substitute them with other vegetables or fruits when prices rise. In contrast, tobacco and coffee products are often regarded as inelastic commodities, as they have fewer substitutes and are habit-forming, leading consumers to continue purchasing them despite price increases. This difference in elasticity reflects consumer behavior and the availability of alternatives within each product category.
What else can I help you with?
What are examples of elastic goods?
coffee
What products do Tanzania produce?
coffee, cotton, tobacco, tea, cloves, cashew nuts, sugercane, coconuts, diamonds, gold, iron, and salt
Are jeans coffee tattoos paint elastic or inelastic?
stop cheating on homework ;)
What products did Latin America export after 1870?
Exports coffee from brazil, coffee, bananas, sugar, and silver from Peru
Why is coffee a very unreliable source of income for the people in Mexico?
Because coffee, as well as many other 'commodity' products such as cotton, tobacco or copper have a price that fluctuates on a daily basis, dependent on global supply and demand. This means that today you can sell a pound of coffee for 142.80 US dollars, but tomorrow it can be priced at 120 dollars per pound and the day after tomorrow it can reach 150 dollars per pound. That is why is a very unreliable source of income.
What are the chief agricultural products in Cuba?
BeansCitrusLivestockPotatoesRiceSugarcaneTobaccocoffee
What products did Cuba produce that attracted American businesses Was it.... Coffee and Sugar Coffee and Oil Sugar and Tobacco Sugar and Oil?
Coffee and Sugar
What is a product in Cuba?
sugar, nickel, tobacco, fish, medical products, citrus, coffee
What are the main crops grown in Haiti?
The products are; Sugarcane, Tobacco, coffee, mangoes, rice, corn, barley, Sweet potatos, sorghum, coconuts, okra, peanuts, tomatoes, breadfruit, apricots, avacadoes, pineapples, watermelons, almonds, wallnuts, hazelnuts, spinach
What does Tanzania export?
Tanzania primarily exports agricultural products such as tobacco, coffee, cotton, tea, and cashews.
Did Jamestown export coffee or tobacco?
Yes, Jamestown did export tobacco but not coffee!
What are Kenya's major agricultural products?
coffee, tea, tobacco, cotton, sisal, pyrethrum, and cashew
What are the most important agriculture products in Zimbabwe?
cattle,coffee,corn,cotton,suger,tea,tobacco,wheat
What products were sold at the Columbian Exchange work?
The Columbian Exchange facilitated the global transfer of various products, including crops such as maize, potatoes, tomatoes, and tobacco from the Americas to Europe, and sugar, coffee, and bananas from Europe to the Americas. Additionally, various animals like horses, cattle, and pigs were also exchanged between the continents.
What goods do Cubans sell?
Cuba Exports - commodities: sugar, nickel, tobacco, fish, medical products, citrus, coffee
What are examples of elastic goods?
coffee
Is coffee as bad as tobacco?
No
