Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
1. Price Elastic or Inelastic Good
a.What is an example of a product (or group of products) which you buy or sell whose demand is price inelastic (or, if you prefer, price elastic). In your answer, be sure to state carefully what it means for demand to be “price inelastic” (or price elastic).
b. What is it about this product or these products that makes either you or buyers in general TEND to continue to purchase it (if you’re thinking of a case of inelastic demand) or TEND to stop purchasing it (if you’re thinking of a case of elastic demand) when the price rises?
c. Consumers are supposed to be more price elastic after a price increase as more and more time passes and they find ways to alter their spending habits. Is your reaction different after a longer time period to adjust, or does the time period matter in this case?
d. An important issue shaping consumers’ decisions is always the availability of good substitutes for a product. How does that factor enter into your example?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more