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what are some factors that you think cause the good or service for makeup foundation to...


what are some factors that you think cause the good or service for makeup foundation to be unit elastic? please explain in detail and is it related to the determinants of price elasticity of demand? and also, describe the shape of the demabf curve about make up foundation ?

please help answers all these questions ?
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Answer #1

The makeup foundation is very common among the female not only them but most of the people use it and it is alwyas in emand rather we could say it is inelastically demanded every time .The factor which can affect are

  • competitive firms produing the make up foundation and their brands
  • Price of the prodcut (unit)
  • change in price (unit) of each unit product over a specific period of time
  • Need of customer in aparticular country etc

The demnad curve of make up foundation is always toward positive side  because of quanityt demanded and the supply (continous ) and it behave inelastically .

Have a good day !

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