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All breakfast cereal would generally have more elastic demand compared to Cheerios. This is because all breakfast cereal encompasses a wide range of substitutes, allowing consumers to easily switch to alternatives if prices rise. In contrast, Cheerios is a specific brand with fewer substitutes, making its demand more inelastic as loyal customers may continue purchasing it despite price increases.
What else can I help you with?
What is a good with elastic demand at its current price?
Gas, fresh fruits and veggies, and cereal.
Are cereal companies inelastic or elastic?
no cereal companies are not inelastic because there is not a crucial demand for cereal if cereal companies were too raise the price of cereal to an ridiculously price there is a good chance that consumers will stop buying so that makes cereal elastic.........examples of inelastic companies are industries like pharmacuticals,oil , higene etc. things that we need.
Demand and its types?
Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.
When demand is elastic?
The demand is elastic when the price is low. So people will buy more good so that it's demand will become more elastic. Moreover ,the demand is elastic when there are some new inventions.
When a firm's marginal revenue is zero what can be said about the elasticity of demand for the output of the firm A. Demand is inelastic. B. Demand is elastic. C. Demand is unit elastic.?
Demand is unit elastic.
How much is cereal box cheerios worth dated 2000 millinum?
The value of a box of Cheerios from the year 2000 can vary based on its condition and whether it is still sealed. Generally, unopened cereal boxes from that era can range from $5 to $20 for collectors, depending on demand and rarity. However, most cereal boxes do not have significant collector value unless they are part of a specific promotion or limited edition. Always check current online marketplaces for the most accurate pricing.
Is fruit elastic or inelastic demand?
elastic
Difference between elastic and inelastic demand?
difference between elastic and inelastic demand
Is it true that the demand curve is elastic in this region?
Yes, the demand curve is elastic in this region.
Different degrees of elasticity of demand?
Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.
What are the types of price elasticity of demand?
there are five types.1).perfect elastic demand,2)perfect inelastic demand,3).relatively elastic demand,4).relatively inelastic demand4).unity elastic demand
Demand for wine is elastic or inelastic?
Highly elastic.
