Which of the following is likely to have the most price elastic demand?
A)clothing
B)blue jeans
C)Tommy Hilfiger jeans
D)All three would have the same elasticity of demand because they are all related.

Question

Quizplus · Accepted Answer

Tommy Hilfiger jeans are a specific brand, making them more substitutable and thus more price elastic compared to the broader categories of clothing or blue jeans.

Which of the Following Is Likely to Have the Most