Which of the following products has the most elastic demand?
A) Ben and Jerry's Chunky Monkey ice cream in the pint container
B) all Ben and Jerry's ice cream
C) all premium ice cream
D) all ice cream

Question

Quizplus · Accepted Answer

Ben and Jerry's Chunky Monkey ice cream in the pint container is a specific brand and size, which means there are likely many other substitutes available that could be bought instead. This makes the demand more elastic, meaning that a change in price would have a greater impact on the quantity demanded.

Which of the Following Products Has the Most Elastic Demand