Which of the following would most likely feature elastic demand?
A)heart surgery
B)a required textbook
C)fresh green beans
D)all of the above

Question

Which of the following would most likely feature elastic demand?
A)​heart surgery
B)​a required textbook
C)​fresh green beans
D)​all of the above

Quizplus · Accepted Answer

Fresh green beans are likely to feature elastic demand because they are a non-necessity and consumers can easily substitute them with other vegetables if the price increases. Heart surgery and a required textbook are less likely to feature elastic demand as they are necessities and consumers are less likely to substitute them with other options.

Which of the Following Would Most Likely Feature Elastic Demand