Business, 23.06.2019 08:00 tracijp

If consumers start to believe they need a product, what is likely to happen? a. the demand becomes less elastic. b. the demand becomes more elastic. c. the supply decreases. d. the price decreases.

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Answer from: gabrielaperezcz

The answer is A. The demand becomes less elastic.

Answer from: helpmeplzz27

The correct answer is A. The demand becomes less elastic.

Explanation:

In economics and related fields, the decisions of consumers had a great impact on other factors including the demand and supply. In the case of demand (willingness to purchase a product), if consumers start to believe they need a product it is likely more consumers will buy the product even if there are changes in its price. As a result of this, the demand would become less elastic; this means the demand would not change according to price changes but will be mainly stable.

An example of this is electricity because in the last decades most consumers have started to believe this is a basic service or product, and therefore they pay for it even if the price increases, which makes the demand less elastic. This does not occur with expensive cars or other items that are not seen as necessary.

Answer from: Quest

$527.7.if the following was the question $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

Answer from: Quest

what is wrong with black soap shampoo?

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If consumers start to believe they need a product, what is likely to happen? a. the demand becomes...

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