While shopping at the supermarket,Selina was dismayed to find that the price of orange juice was now 50% more than what she was used to paying.As a result,Selina purchased grapefruit juice,which was closer to what she usually pays.Based on this example,orange juice is

Question

Quizplus · Accepted Answer

Orange juice is considered elastic in this scenario because Selina switched to grapefruit juice when the price increased, indicating that her demand for orange juice is sensitive to price changes.

While Shopping at the Supermarket,Selina Was Dismayed to Find That