Business, 02.11.2020 09:30 Queey

Which situation best illustrates the concept of elastic demand for a product? O A. A watch company raises its prices after a celebrity is seen
wearing one of its products.
O B. A store always sells the same amount of milk each month
regardless of the price.
C. A gas station is forced to quickly raise gas prices when oil gets
more expensive.
O D. A restaurant begins to see fewer customers each month after
raising its prices.

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Which situation best illustrates the concept of elastic demand for a product? O A. A watch company...

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