Which of the following is likely to have an elastic demand?
A) salt
B) textbooks
C) coffee
D) movies

Name: Which of the following is likely to have an elastic demand? A) salt B) textbooks C) coffee D) movies
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Question

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Movies are considered a luxury or non-essential good, and consumers can easily choose not to purchase them if prices rise, making their demand more elastic compared to necessities like salt or textbooks.

Which of the Following Is Likely to Have an Elastic