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Demand for which of the following goods would be inelastic?
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Asked 3/21/2016 11:10:48 AM
Updated 7/11/2019 2:43:13 AM
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User: Demand for which of the following goods would be inelastic?

Weegy: Demand can be said to be inelastic when: a reduction in price results in a decrease in total revenue.



User: Exit Demand for which of the following goods would be inelastic? A. a necessary, expensive good with substitutes B. a necessary, inexpensive good with no substitutes C. an unnecessary, inexpensive good with substitutes D. an unnecessary, expensive good with no substitutes

Weegy: B. a necessary, inexpensive good with no substitutes would have demand that is inelastic.
debnjerry|Points 72465|

User: The fact that if the price of milk, butter, or cab rides increases, people might switch to soy milk, margarine, or the bus, is an example of what factor that shifts demand? A. income B. consumer tastes C. prices of related goods D. consumer expectations

Question
Asked 3/21/2016 11:10:48 AM
Updated 7/11/2019 2:43:13 AM
1 Answer/Comment
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The fact that if the price of milk, butter, or cab rides increases, people might switch to soy milk, margarine, or the bus, is an example of "prices of related goods" as a factor that shifts demand.
Added 7/11/2019 2:43:13 AM
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When you cite a book that you used in your research, the first item of information that you should show is the: author's last name.
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Updated 3/22/2016 1:02:01 PM
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Goods and services intended for use by households are exchanged in output markets.
Added 3/22/2016 1:02:01 PM
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When you cite a book that you used in your research, the first item of information that you should show is the
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Not Answered
Updated 3/23/2016 11:41:10 AM
1 Answer/Comment
When you cite a book that you used in your research, the first item of information that you should show is the: author's last name.
Added 3/23/2016 11:41:10 AM
This answer has been confirmed as correct and helpful.
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