During the first years of this century,the number of packages arriving at households has more than doubled.An increase in the price of the cardboard boxes in which these packages are shipped will have little effect on the amount of shipping done;the demand for the boxes will continue to increase.Therefore,what is the demand for the cardboard boxes?

Question

Quizplus · Accepted Answer

The passage states that an increase in the price of the cardboard boxes will have little effect on the amount of shipping done, meaning that the demand for the boxes is not responsive to changes in price. This indicates that the demand for the cardboard boxes is inelastic.

During the First Years of This Century,the Number of Packages