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Business, 21.10.2019 23:30, soleil26

What is an example of a product that has highly elastic demand

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Business, 23.07.2019 02:30, Redbox6670
Increased demand for product a increases the demand for resources used to produce product a. what is the best explanation for the increase in the demand for resources? a. the theory of derived demand is working.b. product a is in an expanding industry.c. the theory of the "invisible hand" is working.d. the demand for product a is highly elastic.
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Business, 02.09.2019 03:50, Demaryaflie
12. describe an example of a product that has highly elastic demand. describe at least two factors that make this product's demand so elastic. (4-6 sentences. 7.0 points)
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Abusiness decreases the price of their product by 10%, as a result, consumer demand for the product has also increased by 10%. which term does the scenario best describe? a. demand elasticity b. inelastic demand c. elastic demand d. unit elastic demand
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Business, 25.10.2019 03:43, Britney8394
A) which of the following statements is true? a) the more narrowly we define a market, the more elastic the demand for a product will be.b) in general, if a product has few substitutes it will have an elastic demand.c) the demand curve for a necessity is more elastic than the demand curve for a luxury.d) the more time that passes the more inelastic the demand for a product becomes.
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