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Answer to Question #207983 in Economics of Enterprise for AbdeAli

Question #207983

 Decide in each case, whether demand is likely to be elastic or inelastic: (4 marks)

a. Cut flowers

b. Gold Jewelry

c. Coffee

d. Train travel by commuters 


1
Expert's answer
2021-06-18T09:45:25-0400

a) Cut flowers-Inelastic Demand

b) Gold Jewelry-Inelastic Demand

c) Coffee-Elastic Demand

d) Train travel by commuters - Elastic demand


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