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Business, 06.03.2020 18:54 nallaico585
According to a study of the price elasticities of products sold in supermarkets, the price elasticity of demand for toothpaste is estimated at -0.45. Which of the following could explain why the price elasticity of demand for toothpaste is so low?1) Tooth paste is relatively inexpensive so it represents a small part of consumers budget.
2)There are few close substitutes for toothpaste.
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According to a study of the price elasticities of products sold in supermarkets, the price elasticit...
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