Why might the demand for massages be more elastic than the demand for chiropractic adjustments?
A) Relative to massages, there are more substitutes for chiropractic adjustments.
B) People get massages in the short run and chiropractic adjustments in the long run.
C) Massages are much cheaper than chiropractic adjustments.
D) Massages tend to be luxuries and chiropractic adjustments tend to be necessities.
Correct Answer:
Verified
Q69: Most people, when asked, cannot name the
Q70: Which of the following statements is TRUE?
A)
Q71: Necessities tend to have a(n) _ demand
Q72: There are _ substitutes for oil, so
Q73: The most important determinant of the elasticity
Q75: A higher income tends to make demand
Q76: The fundamental determinant of the elasticity of
Q77: A good with many substitutes will have
Q78: A good with an absolute value of
Q79: Demand for a specific brand _ demand
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents