Which type of shopper has elastic demand?
A) Price shopper
B) Status seeker
C) Convenience shopper
D) Service/features shopper

Name: Which type of shopper has elastic demand? A) Price shopper B) Status seeker C) Convenience shopper D) Service/features shopper
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Price shoppers have elastic demand because their purchasing decisions are highly sensitive to changes in price. If the price goes up, they are likely to buy less, and if the price goes down, they are likely to buy more.

Which Type of Shopper Has Elastic Demand