The following information pertains to three different products being sold by Andy Company:
-Which products have an inelastic demand curve?
A) Product A
B) Product B
C) Product C
D) both Product A and Product C

Question

The following information pertains to three different products being sold by Andy Company:  
-Which products have an inelastic demand curve?
A) Product A 
B) Product B 
C) Product C 
D) both Product A and Product C

Quizplus · Accepted Answer

The inelastic demand curve means that the change in price of the product does not have a significant effect on the demand. Based on the given information, both Product A and Product C have a unique feature that makes their demand inelastic, while there is no such indication for Product B. Therefore, the best choice is D.

The Following Information Pertains to Three Different Products Being Sold