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Mike and Sally are in a long-distance relationship but they are both very busy with their careers and don't have much free time. Since Sally feels that the relationship isn't strong enough to justify taking time off work to go visit Mike or spending the money it would cost to visit him, she decides to break things off. In this example, it appears that the costs of the relationship outweighed the benefits. Which of the following theories explains Sarah's decision to end her relationship with Mike?
Elastic Demand
A situation where the quantity demanded of a good or service significantly changes in response to a change in its price.
Total Budget
The overall amount of money allocated for a specific purpose or period.
Large Part
A phrase indicating a significant portion or majority of a whole.
Elastic Demand
A situation where the quantity demanded of a product changes significantly in response to a change in price.
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