Which of the following products will have more inelastic demand?
A)New cars.
B)Fresh flowers.
C)Fast food.
D)Medicines.

Name: Which of the following products will have more inelastic demand? A)New cars. B)Fresh flowers. C)Fast food. D)Medicines.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Medicines typically have more inelastic demand because they are considered a necessity and are often life-saving. People are willing to pay high prices for medicine, as they have no substitute and the demand for them is not affected by price changes.

Which of the Following Products Will Have More Inelastic Demand