Newspaper Article by Maria Binti Maiyus https://padlet.com/maria_maiyus/article Identify whether the product is elastic or inelastic demand and explain why. en-us 2017-07-24 04:09:12 UTC 2025-12-12 11:30:51 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Cornershop.png Petrol station operators hit by weekly swing in fuel prices (The Star; 11 May 2017) maria_maiyus https://padlet.com/maria_maiyus/article/wish/218031402 PETALING JAYA: Many petrol station operators are giving up their operations as they can no longer cope with the weekly swing in retail fuel prices.

“For RON95 petrol, with a stock balance of three to five days on the midnight the weekly price change is announced, dealers will have to sell with zero margin for three to five days of the week.

“A drop of 10 sen will wipe out all margin for petrol sales for three to five days and dealers have to sacrifice all their margin for the Government’s weekly ceiling price mechanism.”
]]> 2017-12-27 03:31:31 UTC https://padlet.com/maria_maiyus/article/wish/218031402 l https://padlet.com/maria_maiyus/article/wish/218033412 2017-12-27 05:13:35 UTC https://padlet.com/maria_maiyus/article/wish/218033412 Accounting Group https://padlet.com/maria_maiyus/article/wish/218033431 2017-12-27 05:14:37 UTC https://padlet.com/maria_maiyus/article/wish/218033431 Group members:Henry Wong,David Teo,shin yao,Eric,siang https://padlet.com/maria_maiyus/article/wish/218033433 Elasticity,]]> 2017-12-27 05:14:54 UTC https://padlet.com/maria_maiyus/article/wish/218033433 Gro.Mem=)Shalieni,Yin Yin,Jia Xiang, Carene, Tharisheni tharisheni99 https://padlet.com/maria_maiyus/article/wish/218033435 Inelastic, because difficult to find the subtitute in short term. Less responsiveness changes of price. ]]> 2017-12-27 05:15:01 UTC https://padlet.com/maria_maiyus/article/wish/218033435 Group:Chow Sen Siang,cheng wei jie,goh Jun yuan,jack lau https://padlet.com/maria_maiyus/article/wish/218033441 inelastic,because petrol is a need is our life because we have to drive vehicle with the petrol, and the reason of petrol is inelastic because petrol is a cannot renewable energy, so that untill now still got nothing can be substitutes it. [expect eg:hybrid, electronic car]]> 2017-12-27 05:15:15 UTC https://padlet.com/maria_maiyus/article/wish/218033441 Group members; roseaqeela https://padlet.com/maria_maiyus/article/wish/218033443 Ros
Rayhan
Elza 
Izzatie
Sofea
Inelastic. This is because when the price of gasoline increases, the quantity demanded doesn't decrease because there are very few good substitutes for gasoline and consumers are still willing to buy it even at relatively high prices.]]> 2017-12-27 05:15:16 UTC https://padlet.com/maria_maiyus/article/wish/218033443 https://padlet.com/maria_maiyus/article/wish/218033444 2017-12-27 05:15:25 UTC https://padlet.com/maria_maiyus/article/wish/218033444 Izmel https://padlet.com/maria_maiyus/article/wish/218033453 Sarah
Farah
Ejat
Viknesh]]> 2017-12-27 05:16:14 UTC https://padlet.com/maria_maiyus/article/wish/218033453 Shyan Hock cuoilen39 https://padlet.com/maria_maiyus/article/wish/218033454 Brandon 
Metta 
YiSeng]]> 2017-12-27 05:16:22 UTC https://padlet.com/maria_maiyus/article/wish/218033454 Vena&Friends prevenawanan2210 https://padlet.com/maria_maiyus/article/wish/218033462 2017-12-27 05:16:42 UTC https://padlet.com/maria_maiyus/article/wish/218033462 Group Members: huiyee, yinshu, khaichee, ruohshian, xinni https://padlet.com/maria_maiyus/article/wish/218033477 Inelastic because the petrol does not have things to replace ]]> 2017-12-27 05:16:59 UTC https://padlet.com/maria_maiyus/article/wish/218033477 tharisheni99 https://padlet.com/maria_maiyus/article/wish/218033541 2017-12-27 05:19:41 UTC https://padlet.com/maria_maiyus/article/wish/218033541 Nabeel，Kabi，Loon，Hup https://padlet.com/maria_maiyus/article/wish/218033638 inelastic because petrol no have any substitutes good

]]> 2017-12-27 05:23:14 UTC https://padlet.com/maria_maiyus/article/wish/218033638 Accounting Group(Taufiq,Chua Chern Sin,Kong Shun Cheng,Gan Kok Meng,Tang Ning Xuan) https://padlet.com/maria_maiyus/article/wish/218080043 Inelastic because petrol is non-renewable energy and short term product. So it is difficult to find another good to replace it.]]> 2017-12-28 02:20:48 UTC https://padlet.com/maria_maiyus/article/wish/218080043 group members;Henry,David,Shin yao,Eric,Siang https://padlet.com/maria_maiyus/article/wish/218080567 Elasticity,because does not have thing to substitute with petrol now
days]]> 2017-12-28 02:56:05 UTC https://padlet.com/maria_maiyus/article/wish/218080567 Shu Jie,Darwish,Long jaxlulu99 https://padlet.com/maria_maiyus/article/wish/218416736 Inelastic,because it non renewable sources and it hard to replace with other sources.]]> 2018-01-03 01:00:56 UTC https://padlet.com/maria_maiyus/article/wish/218416736