Which of the following goods would have the most inelastic demand?
A)Ski vacations
B)Bread
C)Luxury cars
D)Big screen TVs

Name: Which of the following goods would have the most inelastic demand? A)Ski vacations B)Bread C)Luxury cars D)Big screen TVs
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

Bread is a necessity and has few substitutes, therefore its demand is more likely to be inelastic. Ski vacations, luxury cars, and big screen TVs are luxury goods and have more substitutes, making their demand more elastic.

Which of the Following Goods Would Have the Most Inelastic