Which one of the following is true?
A)Nike has a more inelastic demand curve than shoes
B)The demand curve for gas is more elastic in the short-run than in the long-run
C)Cigarettes have a more elastic demands than televisions
D)Salt has a more inelastic demand than meat

Question

Quizplus · Accepted Answer

Salt is a necessity with few substitutes, making its demand more inelastic compared to meat, which has more substitutes and is less of a necessity.

Which One of the Following Is True