Are Bananas Elastic Or Inelastic?
Are Bananas Elastic Or Inelastic? Are bananas elastic or inelastic? The retail price elasticity of demand for bananas is elastic in the short run, varying between -1,43 (Model 4) and -1,52 (Model 7). Do bananas have elastic demand? Well, since bananas are cheaper now than they were before (and since monkeys looooove bananas), the demand