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Christoff's Lawn & Lot Is a Small Business That Provides

Question 68

Multiple Choice

Christoff's Lawn & Lot is a small business that provides landscaping and grass cutting services during spring and summer. Christoff's usually sign contracts with customers on an annual basis, with the terms set out at the beginning of the season. This year, the area experienced a significant amount of rain, causing the grass to grow more quickly. Christoff's was required to cut the grass every time it grew 2 inches, and no matter how many times it needed cutting, the customer paid the same monthly amount based on the original contract. The price of gas has now increased by 35% causing Christoff's to pay more for their supplies. The demand for gas despite its price represents demand for Christoff's Lawn & Lot.


A) elastic
B) inelastic
C) derived
D) joint
E) separate

Correct Answer:

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