Which of the following is likely to have the most price inelastic demand?
A)lattés
B)filet mignon
C)Grey Goose® vodka
D)milk

Name: Which of the following is likely to have the most price inelastic demand? A)lattés B)filet mignon C)Grey Goose® vodka D)milk
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Question

Quizplus · Accepted Answer

Milk is a necessity for many households, leading to less sensitivity to price changes, making its demand more inelastic compared to luxury items like filet mignon or branded products like Grey Goose® vodka.

Which of the Following Is Likely to Have the Most