Asked by
Jocyne Turalba
on Nov 30, 2024
Verified
Between 1996 and 2002,the sale of kosher foods almost quadrupled.During this period its elasticity of demand
A) declined.
B) stayed the same.
C) rose.
Elasticity of Demand
A measure of how much the quantity demanded of a good changes in response to a change in the price of that good.
Kosher Foods
Food items that meet Jewish dietary laws, which include restrictions on how foods are prepared and which foods may be eaten together.
Quadrupled
Increased by four times in quantity or value.
- Achieve an understanding of the demand elasticity framework and the factors that play a role in its variation.
Verified Answer
ST
Learning Objectives
- Achieve an understanding of the demand elasticity framework and the factors that play a role in its variation.