There are very few,if any,good substitutes for automotive tires.Therefore,the demand for automotive tires would tend to be
A)elastic.
B)unit elastic.
C)inelastic.
D)highly responsive to changes in income as well as changes in prices.

Question

Quizplus · Accepted Answer

The demand for automotive tires is likely to be inelastic because there are very few good substitutes for this essential product. This means that consumers will continue to purchase tires even if their price increases as they are necessary for transportation. Inelastic demand means that a change in price will have a relatively small effect on the quantity demanded.

There Are Very Few,if Any,good Substitutes for Automotive Tires