The demand for classical music is _______________ than is the demand for Beethoven's music because _______________.
A) less price elastic; classical music requires a smaller portion of one's income
B) more price elastic; classical music requires a smaller portion of one's income
C) less price elastic; the scope of the market for classical music is more broadly defined
D) more price elastic; the scope of the market for classical music is more broadly defined

Question

Quizplus · Accepted Answer

The demand for classical music is less price elastic because it is a broader category than Beethoven's music, which is a more specific subset.

The Demand for Classical Music Is _______________ Than Is the Demand