Which of the following is likely to have the most price inelastic demand?
A)athletic shoes
B)running shoes
C)Nike running shoes
D)Nike Shox running shoes

Name: Which of the following is likely to have the most price inelastic demand? A)athletic shoes B)running shoes C)Nike running shoes D)Nike Shox running shoes
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Athletic shoes are a broader category with fewer substitutes compared to more specific types or brands, making their demand more price inelastic.

Which of the Following Is Likely to Have the Most