Which of the following is likely to have the most price inelastic demand?
A)White chocolate chip with macadamia nut cookies
B)Cookies
C)Mrs.Field's chocolate chip cookies
D)Milk chocolate chip cookies

Question

Quizplus · Accepted Answer

Cookies, as a general category, have the most price inelastic demand because they represent a broad category of goods. Consumers looking for cookies have a wide variety of preferences and substitutes within the category, making their demand less sensitive to price changes compared to more specific types of cookies.

Which of the Following Is Likely to Have the Most