2 Answers
Bottled water can be both elastic and inelastic demand, it depends how you look at it:
On one hand, you can say that there are substitutes, such as juice, sodas etc, so it's elastic.
On the other hand, you can say that most probably if something terrible happens, such as war or natural disaster, people will definitely buy bottled water, no matter what, so it's inelastic.
On one hand, you can say that there are substitutes, such as juice, sodas etc, so it's elastic.
On the other hand, you can say that most probably if something terrible happens, such as war or natural disaster, people will definitely buy bottled water, no matter what, so it's inelastic.
13 years ago. Rating: 0 | |
Top contributors in Economics category
Unanswered Questions
ae888clbco
Answers: 0
Views: 3
Rating: 0
abc8coim
Answers: 0
Views: 7
Rating: 0
Thắng lớn mỗi ngày cùng LOTO188 – Cá cược không giới hạn
Answers: 0
Views: 5
Rating: 0
KUBET Indonesia
Answers: 0
Views: 8
Rating: 0
mksport
Answers: 0
Views: 9
Rating: 0
K9BET – Nơi mọi ván cược đều là cơ hội thắng lớn
Answers: 0
Views: 12
Rating: 0
ol69vncom
Answers: 0
Views: 11
Rating: 0
dabetmecom
> More questions...
Answers: 0
Views: 10
Rating: 0