Demand for items people do not really need for their survival, such as cars, is generally ________ than demand for items such as water.
A) higher
B) lower
C) more elastic
D) less elastic

Question

Quizplus · Accepted Answer

Demand for non-essential items, like cars, is more elastic because consumers are more sensitive to price changes for these items compared to essentials like water, where demand is less responsive to price changes.

Demand for Items People Do Not Really Need for Their