inelastic pricing

Is The Demand For Diamonds Elastic?

by

Is The Demand For Diamonds Elastic? (1) Whether the good is a luxury or a necessity. Luxuries tend to have higher price elasticities of demand and necessities tend to have small price elasticities of demand. Diamonds are luxuries, and water is a necessity. Therefore, diamonds have the more elastic demand. What are examples of inelastic

Are Fruits And Vegetables Elastic Or Inelastic?

by

Are Fruits And Vegetables Elastic Or Inelastic? All fruits are own-price elastic with the exception of bananas which are slightly inelastic, but not significantly so. Apples, pears, and bananas are expenditure inelastic while oranges, grapes and other fruits are expenditure elastic. Are fresh vegetables elastic or inelastic? Results show that the demand for fresh vegetables