Will, a sprinter on the track team, has inelastic demand for sports drinks. The local store has raised the price of a sports drink from \$1.00 to \$1.50. Which of the following could describe Will?s response to the price change? A. He bought 15 bottles a month at \$1.00 and 20 bottles a month at \$1.50. B. He bought 10 bottles a month at \$1.00 and 8 bottles a month at \$1.50. C. He bought 15 bottles a month at \$1.00 and 5 bottles a month at \$1.50. D. He bought 10 bottles a month at \$1.00 and 5 bottles a month at \$1.50.
s
Question
Updated 268 days ago|11/18/2019 12:38:42 PM
Original conversation
User: Will, a sprinter on the track team, has inelastic demand for sports drinks. The local store has raised the price of a sports drink from \$1.00 to \$1.50. Which of the following could describe Will?s response to the price change? A. He bought 15 bottles a month at \$1.00 and 20 bottles a month at \$1.50. B. He bought 10 bottles a month at \$1.00 and 8 bottles a month at \$1.50. C. He bought 15 bottles a month at \$1.00 and 5 bottles a month at \$1.50. D. He bought 10 bottles a month at \$1.00 and 5 bottles a month at \$1.50.

Weegy: B. He bought 10 bottles a month at \$1.00 and 8 bottles a month at \$1.50.

User: What does it mean when the demand for a product is inelastic? A. People will not buy any of the product when the price goes up. B. A price increase does not have a significant impact on buying habits. C. Customers are sensitive to the price of the product. D. There are very few satisfactory substitutes for the product.

Question
Updated 268 days ago|11/18/2019 12:38:42 PM
Rating
3
When the demand for a product is inelastic, it means that price increase does not have a significant impact on buying habits.
Added 268 days ago|11/18/2019 12:38:42 PM

32,012,337
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
Charts can either be embedded in a worksheet or placed in a separate ...
Weegy: Charts can either be embedded in a worksheet or placed in a separate chart sheet. User: A relative cell ...
Which NIMS Management Characteristic helps to eliminate confusion ...
Weegy: The National Incident Management System (NIMS) is a standardized approach to incident management developed by ...
The Eighteenth Amendment, "Prohibition," was reversed by the _______ ...
Weegy: The Eighteenth Amendment, "Prohibition," was reversed by the TWENTY-FIRST Amendment. User: Under Article ...
To be issued a motorcycle license you must have at least a regular ...
Weegy: To be issued a motorcycle license you must have at least a regular Class E operator's driver license. User: ...
Leaking purple fluid indicates that you should check your A. Coolant ...
Weegy: a. coolant is right answer.
S
L
P
L
P
Points 1027 [Total 7050] Ratings 1 Comments 1017 Invitations 0 Offline
S
L
Points 926 [Total 3923] Ratings 2 Comments 906 Invitations 0 Offline
S
L
P
R
P
R
L
P
P
C
R
P
R
L
P
R
Points 903 [Total 12994] Ratings 1 Comments 633 Invitations 26 Offline
S
L
P
1
Points 757 [Total 3613] Ratings 3 Comments 727 Invitations 0 Offline
S
L
Points 500 [Total 1993] Ratings 2 Comments 480 Invitations 0 Offline
S
L
Points 318 [Total 4702] Ratings 1 Comments 308 Invitations 0 Offline
S
L
1
Points 219 [Total 3530] Ratings 3 Comments 189 Invitations 0 Online
S
L
Points 173 [Total 324] Ratings 4 Comments 133 Invitations 0 Offline
S
L
L
Points 121 [Total 5409] Ratings 3 Comments 91 Invitations 0 Offline
S
L
Points 85 [Total 244] Ratings 0 Comments 85 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.