Which of the following would most likely have a price elasticity coefficient less than 1?
A)Coffee.
B)Televisions.
C)Fresh fish.

Name: Which of the following would most likely have a price elasticity coefficient less than 1? A)Coffee. B)Televisions. C)Fresh fish.
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Question

Quizplus · Accepted Answer

Coffee is generally considered a necessity for many consumers, leading to inelastic demand, meaning its price elasticity coefficient is less than 1.

Which of the Following Would Most Likely Have a Price