The demand for a good or service is considered elastic if a change in price leads to a significant change in the quantity demanded. On the other hand, demand is inelastic if a change in price does not significantly affect the quantity demanded.

In this case, if a person only occasionally enjoys a cup of coffee, it means that their consumption is not significantly affected by the price. If the price of coffee increases, they might not reduce their consumption significantly because they don't consume much to begin with. Similarly, if the price decreases, they might not increase their consumption significantly because they are not regular coffee drinkers.

Therefore, their demand for coffee would be inelastic. So, the correct answer is a. inelastic.

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The demand for a good or service is considered elastic if a change in price leads to a significant change in the quantity demanded. On the other hand, demand is inelastic if a change in price does not significantly affect the quantity demanded.

In this case, if a person only occasionally enjoys a cup of coffee, it means that their consumption is not significantly affected by the price. If the price of coffee increases, they might not reduce their consumption significantly because they don't consume much to begin with. Similarly, if the price decreases, they might not increase their consumption significantly because they are not regular coffee drinkers.

Therefore, their demand for coffee would be inelastic. So, the correct answer is a. inelastic.

Knowee AI · Accepted Answer

The demand for a good or service is considered elastic if a change in price leads to a significant change in the quantity demanded. On the other hand, demand is inelastic if a change in price does not significantly affect the quantity demanded.

In this case, if a person only occasionally enjoys a cup of coffee, it means that their consumption is not significantly affected by the price. If the price of coffee increases, they might not reduce their consumption significantly because they don't consume much to begin with. Similarly, if the price decreases, they might not increase their consumption significantly because they are not regular coffee drinkers.

Therefore, their demand for coffee would be inelastic. So, the correct answer is a. inelastic.

If a person only occasionally enjoys a cup of coffee, his demand for coffee would bea.inelastic.b.unit elastic.c.elastic.d.perfectly elastic.

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