The demand for dolls is __________________ than is the demand for Barbie dolls because ___________________.
A) less price elastic; the scope of the market for dolls is more broadly defined
B) more price elastic; the scope of the market for dolls is more broadly defined
C) less price elastic; Barbie dolls have more available substitutes
D) more price elastic; Barbie dolls have more available substitutes

Question

Quizplus · Accepted Answer

The demand for dolls is less price elastic than is the demand for Barbie dolls because the scope of the market for dolls is more broadly defined.

The Demand for Dolls Is __________________ Than Is the Demand