The demand for potatoes at current prices is likely to be
A)elastic.
B)inelastic.
C)unit elastic.
D)perfectly elastic.

Name: The demand for potatoes at current prices is likely to be A)elastic. B)inelastic. C)unit elastic. D)perfectly elastic.
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Question

Quizplus · Accepted Answer

Since potatoes are a basic necessity and don't have many substitutes, consumers are likely to continue purchasing them even if the prices increase slightly. This makes the demand for potatoes inelastic.

The Demand for Potatoes at Current Prices Is Likely to Be