Barry customizes Harley-Davidson motorcycles.No two cycles are alike.He notices that very few customers even ask the price of his motorcycles before they decide to purchase them.Demand for his motorcycles is probably
A) price sensitive.
B) price elastic.
C) price inelastic.
D) income elastic.
E) cross-price elastic.

Question

Quizplus · Accepted Answer

Since customers are not asking the price before deciding to purchase, this indicates that the demand for Barry's motorcycles is price inelastic, meaning that a change in price is unlikely to significantly impact the quantity demanded. Customers are likely purchasing based on the unique customization and experience, rather than price.

Barry Customizes Harley-Davidson Motorcycles