the demand for goods or services with many substitutes is highly price elastic. An increase in the price levels of goods causes consumers to buy substitutes. The demand for soda or wash detergent is highly price-elastic because of the number of substitutes. If the price rises, ...
What Is an Example of Elastic Demand? Elastic demand refers to the demand for a good or service changing significantly when the price moves up or down. For example, if the total cost of a vacation to a specific destination increases by 20%, including airfare and accommodation, the demand fo...
The price elasticity of demand shows the responsiveness of quantity demanded with the change in price of the good itself. The price elasticity of demand is inelastic when any change in the price does not affect the quantity demanded. The price elasticity of ...
Thorbecke,Willem. How Elastic is East Asian Demand for Consumption Goods[R].ADBI Working Paper,No.260,2010.Thorbecke, W. (2011), `How Elastic is East Asian Demand for Consumption Goods?' Review of International Economics, 19, 950-962....
Availability of Close Substitutes: Goods with close substitutes tend to have more elastic demand because it is easier for consumers to switch from that good to others. 相关知识点: 试题来源: 解析 是否有近似替代品。有近似替代品的商品的需求弹性更高,因为消费者很容易就能转而买到可替代的其他商品。
d. Root beer has more elastic demand than water. Root beer is a luxury with close substitutes, while water is a necessity with no close substitutes. If the price of water were to rise, consumers have little choice but to pay the higher price. But if the price of root beer were to ...
Elasticity rules for the expenditure effects of matching grants : The case of goods with user charges 来自 EconPapers 喜欢 0 阅读量: 31 作者: JG Gibson 摘要: The accepted result that matching grants will increase local tax effort only when demand is elastic is invalid when user charges are ...
Goods with many close substitutes tend to have ___.A.price elasticities of demand that are unit elasticB.more elastic demandsC.income elasticities of demand that are negativeD.less elastic demands的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题(shuashu
The Luxury Industry: A Source of Elastic Goods Luxury goods tend to be highly elastic, with anelasticity of demandgreater than 1. Luxuries, such as consumer electronics, jewelry, high-priced cars and fashionable clothes, tend not to have a linear relationship with income. ...
Goods with many close substitutes tend to haveA.moreelasticdemands.B.lesselasticdemands.C.priceelasticitiesofdemandthatareunitelastic.D.incomeelasticitiesofdemandthatarenegative.的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题(shuashuati.com)是专业的大学职业