Which of the following would most likely feature elastic demand?
A)heart surgery
B)a required textbook
C)fresh green beans
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Fresh green beans are likely to have elastic demand because consumers can easily substitute them with other vegetables if the price increases. Heart surgery and a required textbook are necessities with no close substitutes, making their demand inelastic.

Which of the Following Would Most Likely Feature Elastic Demand