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    is bottled water elastic or inelastic demand

    0  Views: 2845 Answers: 2 Posted: 14 years ago

    2 Answers

    Sounds a bit like Schrodinger's cat.
    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.


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