A product would be more demand price inelastic:
A) the shorter the time the consumer has to adjust to price changes.
B) the higher the price of the good.
C) the more the number of good substitutes.
D) the less the essential nature of the good.
E) if the supply is more price elastic.

Question

Quizplus · Accepted Answer

When consumers have less time to adjust to price changes, they are less able to find alternatives or change their consumption habits, making demand more inelastic.

A Product Would Be More Demand Price Inelastic