The demand for goods such as telephone service and medical care tend to be
A)perfectly elastic.
B)relatively elastic.
C)unit elastic.
D)relatively inelastic.

Question

Quizplus · Accepted Answer

The demand for goods such as telephone service and medical care tends to be relatively inelastic because these are considered as necessities, and people will continue to purchase them regardless of an increase in price. In other words, the change in price will have a minimal effect on the quantity demanded.

The Demand for Goods Such as Telephone Service and Medical