我也有问题要问

[jackywyy]

How hard is ECON1000? I am thinking about drop western music history and take ECON in summer.

 

[Vivian*Nono]

我觉得Pepsi可以用很多其他的drink代替,像7 up...,There are lots of soft drinks.但是Alcohol就不能用其他drinks代替...?

 

[jackywyy]

最初由 Vivian*Nono 发布
To Justin Luo
why alcohol is more elastic demand than pepsi???

As I remember, cheaper(less ratio in budget or spending) goods/service are less elastic

 

[Vivian*Nono]

最初由 Justin Luo 发布
How hard is ECON1000? I am thinking about drop western music history and take ECON in summer.

It is not hard.:blink:

 

[jackywyy]

最初由 Vivian*Nono 发布
我觉得Pepsi可以用很多其他的drink代替,像7 up...,There are lots of soft drinks.但是Alcohol就不能用其他drinks代替...?

Pepsi is a substitution of Alcohol. You see all the drinks as one group, hard or soft.

 

[jackywyy]

最初由 eminemmie 发布



我问你, NACHO是不是也是一片一片的

...
No comments...

 

[TheOneAndOnly]

This is Doritos

 

[酷猫1]

最初由 TheOneAndOnly 发布
This is Doritos

That's my Doritos! my favourite

 

[Vivian*Nono]

最初由 Justin Luo 发布


Pepsi is a substitution of Alcohol. You see all the drinks as one group, hard or soft.

Goods with close substitutes tend to have more elastic demand because it is easier for consumers to switch from that good to others.

I think if Pepsi's price is increase,it is easier for consumers to switch to other drinks.But if alcohol's price is increase,it is not really easier to switch to others ba???

 

[Vivian*Nono]

最初由 TheOneAndOnly 发布
This is Doritos

Thanks a lot!!!

 

[jackywyy]

See? NACHO!!!

Thanks, the one and only.

 

[TheOneAndOnly]

最初由 Vivian*Nono 发布



Thanks a lot!!!

u r welcome~~~~~

我正好在吃,所以就发上来了~~~~

 

[Vivian*Nono]

最初由 Justin Luo 发布
See? NACHO!!!

Thanks, the one and only.

What do you think about my answer?

 

[eminemmie]

我的回答是:

a) alcohol is more elastic than pepsi because there are more substitutes for pepsi such as coke, 7up ect

b)natural gas over the next 5 years is more elstic because in the short-run people would still purchase gas (maybe less than the amount they would normally pump in their cars), but in the long-run they would start taking public transportations / moving closer to work ect

b)doors cd is more elastic than all other rock cds because doors cd is a narrower market than the market for all rock cds, and narrow markets tend to have more elastic demand than broadly defined markets since its easier to find close substitutes for narrwly defined goods

d)doritos is more elastic than food,due to the same reason as in part c

 

[Vivian*Nono]

我觉得你的A好象矛盾了
书上的定义是说,Something has more substitutes is more elastic