Diamond420 Diamond420
  • 10-01-2020
  • Business
contestada

Which factor does not allect the clasticity of demand for a good?​

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taylor601
taylor601 taylor601
  • 13-01-2020
Goods that are a necessity are typically inelastic, meaning that a change in price is unlikely to impact demand. If the price of gasoline rises, for example, the demand doesn't change all that much since people need to use their cars to get to work.
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