This is Economics not Business
Explain the five determinants of demand elasticity.
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Business, 09.02.2021 01:20, briannawoods13
This is Economics not Business
Explain the five determinants of demand elasticity.
Explain why an item that has many close substitutes tends to have an elastic demand.
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Answers: 1
Business, 21.06.2019 22:40, itscheesycheedar
In allentown, pennsylvania, in the summer of 2014, the average price of a gallon of gasoline was $3.68long dasha 22-cent increase from the year before. many consumers were upset by the increase. one was quoted in a local newspaper as saying, "it's crazy. the government should step in." source: sam kennedy, "valley feeling pain at the pump," (allentown, pa) morning call, june 21, 2014. suppose the government had stepped in and imposed a price ceiling equal to old price of $3.46 per gallon. a. using the line drawing tool, draw and label the price ceiling. carefully follow the instructions above, and only draw the required object.
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Answers: 3
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