Of the following, demand is likely to be the most elastic for
A) food.
B) cars.
C) Sony DVD players.
D) personal computers.

Name: Of the following, demand is likely to be the most elastic for A) food. B) cars. C) Sony DVD players. D) personal computers.
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Question

Quizplus · Accepted Answer

Demand is most elastic for Sony DVD players because they are a specific brand with many substitutes, making consumers more sensitive to price changes.

Of the Following, Demand Is Likely to Be the Most