mullina
2 Answers
nomdeplume
MikeIke
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.
| 14 years ago. Rating: 0 | |
Top contributors in Economics category
Unanswered Questions
Camera Kỷ Nguyên Camera Hà Nội
Answers: 0
Views: 5
Rating: 0
f8betgives
Answers: 0
Views: 5
Rating: 0
888NOW
Answers: 0
Views: 6
Rating: 0
Hahu Việt Nam
Answers: 0
Views: 9
Rating: 0
Điện Thoại Việt
Answers: 0
Views: 8
Rating: 0
CEO OK8386
Answers: 0
Views: 8
Rating: 0
CEO OK8386
Answers: 0
Views: 8
Rating: 0
MM88
> More questions...
Answers: 0
Views: 10
Rating: 0