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02-25-2008, 08:01 AM
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| can anyone help me with this economics question? The demand for _____ is more elastic than the demand for ________. a) chewing gum; cars b) all personal computers; dell computers c) pepsi; all soft beverages d) food; exotic vacations e) bread; cookies I believe that "b" is the correct answer as, lets say that the price of all computers drops... if this happens, people would be more responsive to this change and would buy more rather than the same thing happening to dell computers... do you think my conclusion is correct?      |
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