Use the following Figure to answer the question :
-In general, the more unique an advertiser can make a product seem to the buyer
A)the more elastic the demand for the good.
B)the more inelastic the demand for the good.
C)the more sensitive the buyer is to the price of the good.
D)the less demand for the good.

Question

Use the following Figure to answer the question : 
-In general, the more unique an advertiser can make a product seem to the buyer
A)the more elastic the demand for the good. 
B)the more inelastic the demand for the good. 
C)the more sensitive the buyer is to the price of the good. 
D)the less demand for the good.

Quizplus · Accepted Answer

The more unique an advertiser can make a product seem to the buyer, the more inelastic the demand for the good. This is because when a product is perceived as unique, buyers may be willing to pay a higher price for it, and there may be fewer close substitutes available in the market. Therefore, the demand for the product is relatively less affected by changes in price.

Use the Following Figure to Answer the Question