Which of the following is NOT likely to be an example of a product with an inelastic demand?
A) water
B) cars
C) cigarettes
D) eggs

Name: Which of the following is NOT likely to be an example of a product with an inelastic demand? A) water B) cars C) cigarettes D) eggs
Brand: Quizplus
Rating: 4.7 (41 reviews)

Question

Quizplus · Accepted Answer

Cars are typically considered to have elastic demand because they are a significant purchase and consumers may delay buying or choose alternatives if prices rise.

Which of the Following Is NOT Likely to Be an Example