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Please mark all correct statements A Demand for rubber is more elastic then steel given their
physical properties B Diamond is luxury and has elastic demand, bread doesn't C) Demand for
housing is more elastic since it is a major part of expenditures D) Demand over gasoline cars is
more elastic in a long run than in short, since consumers can adjust by switching to electric cars
E MeDonalds having Burgerking substitute is bound to have more elastic demand

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Please mark all correct statements A Demand for rubber is more elasti.pdf

  • 1. Please mark all correct statements A Demand for rubber is more elastic then steel given their physical properties B Diamond is luxury and has elastic demand, bread doesn't C) Demand for housing is more elastic since it is a major part of expenditures D) Demand over gasoline cars is more elastic in a long run than in short, since consumers can adjust by switching to electric cars E MeDonalds having Burgerking substitute is bound to have more elastic demand