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.
12 years ago. Rating: 0 | |
Top contributors in Economics category
Unanswered Questions
https://www.akaqa.com/profile/19191636637
Answers: 0
Views: 18
Rating: 0
Winbox Malaysia | Winbox Casino | Winbox Login | Winbox One
Answers: 0
Views: 20
Rating: 0
sv368technology
Answers: 0
Views: 15
Rating: 0
what would you like?
Answers: 0
Views: 15
Rating: 0
go88vietcom
Answers: 0
Views: 14
Rating: 0
dragontiger4d
Answers: 0
Views: 13
Rating: 0
iplwinzorg
Answers: 0
Views: 13
Rating: 0
Căn hộ Global City Com Vn
> More questions...
Answers: 0
Views: 20
Rating: 0