0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
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.
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.
Is salt an elastic or inelastic product?
Inelastic
Examples of elastic products?
An elastic product is one that if the price goes up, people will stop buying it. Examples of elastic goods are vacations, DVD's and other material items.
What can influence decisions?
Disposable incomes (if product is elastic), personal taste, current trends, product features.
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.
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.
How do forces from an elastic car account for its movement?
How do forces from an elastic car account for it's movement
Is salt an elastic or inelastic product?
Inelastic
Examples of elastic products?
An elastic product is one that if the price goes up, people will stop buying it. Examples of elastic goods are vacations, DVD's and other material items.
What can influence decisions?
Disposable incomes (if product is elastic), personal taste, current trends, product features.
How does an elastic power car work?
Elastic cars work by converting elastic potential energy into kinetic energy. The most potential energy, the more kinetic energy.
What product is more likely to have the MOST elastic demand curve?
Household electricity
What happens in the case of a product that has elastic supply when the price decrease?
people die
When a product is in demand what happens to the demand curve?
the market demand for the product. undefined. more inelastic than the market demand for the product. more elastic than the market demand for the product
If a demand for a product is elastic the value of the price elasticity coefficient is?
greater than one
Is cotton elastic or inelastic product?
Cotton is an inelastic product, meaning its quantity demanded does not change significantly with price fluctuations. This is because cotton is a basic necessity and its demand remains fairly stable regardless of price changes.
