Which of the following products has the most inelastic demand?
A)Restaurant meals.
B)Tomatoes.
C)Movie theatre admissions.
D)Eggs.
E)Ocean cruises.

Name: Which of the following products has the most inelastic demand? A)Restaurant meals. B)Tomatoes. C)Movie theatre admissions. D)Eggs. E)Ocean cruises.
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Question

Quizplus · Accepted Answer

Eggs are a necessity for many people and there are few substitutes, making their demand inelastic. Even if the price of eggs goes up, people are likely to continue buying them.

Which of the Following Products Has the Most Inelastic Demand