Question

How has the elasticity demand for hand santitizers have changed? (due to the COVID PANDEMIC)

How has the elasticity demand for hand santitizers have changed? (due to the COVID PANDEMIC)

Homework Answers

Answer #1

Due to the COVID pandemic, as doctors and health journals recommend washing our hands in every 2 hours, these articles have raised the demand for hand sanitizers sharply and people will buy hand sanitizers even when price of hand sanitizers increease. Hence here 1% increase in the price of hand sanitizer will cause a less than 1% decline in the quantity demanded of hand sanitizers. Hence demand for hand sanitizers have become relatively inelastic i.e the absolute value of elasticity for hand sanitizers have declined.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
8. How will globalization and international trade be changed and impacted by this pandemic (Covid-19)? That...
8. How will globalization and international trade be changed and impacted by this pandemic (Covid-19)? That is, in what ways will the world look the same or different after this pandemic in terms of goods traded, volume of trade, geographical boundaries of trade, move toward isolation, etc.? Be specific in your response.
Based on the current global situation due to the Covid 19 pandemic, what do you think...
Based on the current global situation due to the Covid 19 pandemic, what do you think the effect of this pandemic to the overall real estate market performance in Saudi Arabia
In the midst of Covid-19 pandemic, firms cut production due to lockdown. How will firms’ cutting...
In the midst of Covid-19 pandemic, firms cut production due to lockdown. How will firms’ cutting of production affect employment? Explain you answer using an appropriate diagram. Suppose firms do not want to lay off workers, explain how firms decision may affect employment and wages in the labour market. Explain labour market using an appropriate diagram.   
We have heard recently how the IRS has been on skeleton staff due to the pandemic....
We have heard recently how the IRS has been on skeleton staff due to the pandemic. Are they still releasing things like announcements?  
How has the current COVID-19 pandemic influenced your decision to enter the nursing profession?
How has the current COVID-19 pandemic influenced your decision to enter the nursing profession?
The COVID-19 pandemic and the US-China trade tension have caused a significant decrease in China's demand...
The COVID-19 pandemic and the US-China trade tension have caused a significant decrease in China's demand for US exports. 1. Graphically show the likely short-run impact on US GDP and aggregate price level using the AD/AS model. Explain your prediction. HINT: Which curve in the AD/AS model would a change in US exports affect? [6 points = graph, 3 points explanation] 2. What is the anticipated result in US employment level? Explain [2 points] 3. What is the anticipated result...
Use the AD-AS model and neoclassical growth model to explain how the Covid-19 pandemic affects the...
Use the AD-AS model and neoclassical growth model to explain how the Covid-19 pandemic affects the demand and supply side of the Germany.
1. What are the impacts of the COVID-19 (Coronavirus) pandemic on aggregate demand, aggregate supply, and...
1. What are the impacts of the COVID-19 (Coronavirus) pandemic on aggregate demand, aggregate supply, and equilibrium real GDP in the United States?
Before this COVID-19 pandemic situation you were running a travel agency successfully. Due to the lock...
Before this COVID-19 pandemic situation you were running a travel agency successfully. Due to the lock down your travel agency business has been shut down like your other competitors in the same market. Now in this whole scenario you are compelled to think about to start an E-commerce business. Describe what kind of E-commerce alternatives you have and how you will earn money from these options?
Movement restricts imposed by various governments to mitigate the spread of COVID-19 pandemic in the form...
Movement restricts imposed by various governments to mitigate the spread of COVID-19 pandemic in the form of social distancing and closure of national and international borders and airports has brought a number of business organisations to a standstill, leading to the decline in growth and market share, especially the hard hit tourism and hospitality industries. Assume that you are the manager of of IDISAM Hotel Ltd, which holds the largest market share in the hospitality industry, but now on the...