Which of the following is likely to have the most price inelastic demand?
A)tablet computers
B)leather boots
C)lightbulbs
D)optional textbooks

Question

Quizplus · Accepted Answer

Light bulbs are a basic necessity and have less substitute products available in the market. Therefore, consumers are likely to continue purchasing them even if there is a small increase in price, making them more price inelastic.

Which of the Following Is Likely to Have the Most