A pizza restaurant in a neighborhood has many other competing pizza restaurants.
What does this mean about the demand for the product?
AIt is probably time-based.
BIt is probably elastic.
CIt is probably inelastic.
DIt is probably need-based.
What does this mean about the demand for the product?
AIt is probably time-based.
BIt is probably elastic.
CIt is probably inelastic.
DIt is probably need-based.