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21-12-2021
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Demand is more elastic when you are shopping in Walmart than when you shop at a small convenience store because: Group of answer choices

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BriannaLumLad BriannaLumLad

21-12-2021

Answer:

It rises by 25%

Explanation:

Demand is more elastic when you are shopping in Walmart than when you shop at a small convenience store because: more competing products means greater elasticity. Lyft cuts the price of a ride in New York City by 10%. Thereafter, the quantity of rides demanded rises by 25%.

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