The elastic demand is depends on

Reference no: EM13199107

The price of cranberry juice suddenly increases. As a result, Glenda begins drinking more grape juice, which is less expensive, but tastes just as good to her. In this case, Glenda’s elastic demand is due to

A. availability of substitutes.
B. relative importance.
C. necessities versus luxuries.
D. change over time.

Reference no: EM13199107

Questions Cloud

Principles of unity and variety apply to all music : The principles of Unity and Variety apply to all music, regardless of composition style or historical period.

Explain strategies specifically relate to your career goals : What strategies you will implement in terms of your career development and how these strategies specifically relate to your career goals and advancement.

Going to fall into the ocean : In recent times, false rumors have spread suggesting that California is "going to fall into the ocean." In order for this to be true, the San Andreas fault would have to be a ________ fault associated with _______ forces.

Define and explain the dynamic tension : Describe and explain the dynamic tension and mutual influence between society and technology, and the influences of knowledge and power on humankind

The elastic demand is depends on : The price of cranberry juice suddenly increases. As a result, Glenda begins drinking more grape juice, which is less expensive, but tastes just as good to her.

Psychological disorders’ presentation : Summarize how psychological disorders are classified. Include the role of the DSM IV. Your presentation must have at least one slide for each of the following major classes of psychological disorders:

State how would you operantly condition an adventuresome : How would you operantly condition an adventuresome 2 yr. old to be more fearful of running across a busy street near her house? Be sure to identify the type of conditioning; Reinforcement or Punishment & Positive or Negative

Native americans and the federal government : summary of one current (within past 10 years) issue between Native Americans and the federal government. Identify the specific legislation (law or bill) you think is linked to the issue, and explain why you think there is a connection.

How will change in price level affect the demand for money : When the economy makes the transition from its short-run equilibrium to its long-run equilibrium, what will happen to the price level. How will this change in the price level affect the demand for money and the equilibrium interest rate.

User Account

All Pages