In which of the following markets is a consumer less sensitive to price?
A)Airlines
B)Refrigerators
C)Health Care
D)Computer components
E)Washing Machines

Question

Quizplus · Accepted Answer

Health care is a necessity for most people and consumers are often willing to pay whatever it takes to receive the necessary care. Therefore, they are less sensitive to the price of healthcare services.

In Which of the Following Markets Is a Consumer Less