Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Discover in-depth answers to your questions from a wide network of experts on our user-friendly Q&A platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.
Sagot :
When getting their hair trimmed by the same barber, women are frequently charged more than males. Given that haircuts, demand may be more inelastic for women than for males and because haircuts are impossible to arbitrage, this is not regarded as pricing discrimination.
What transpires when demand is inelastic?
When a buyer's desire for a product does not fluctuate as much as a product's price changes, this is known as inelastic demand. Demand is said to be inelastic when the price rises by 20% yet the decline in demand is only 1%. This problem frequently arises with common household goods and services.
Arbitrage is defined as.
An investor may utilize the investment method of arbitrage, which is purchasing and selling a product at the same time on other markets, to profit from a price discrepancy. Even while pricing fluctuations are frequently insignificant and fleeting, when a considerable volume is used, the profits can be rather high.
Learn more about inelastic demand: https://brainly.com/question/281925914
#SPJ4
We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.
