Related to the Economics in Practice on page 125: A reduction in the salience of prices should make demand for those products
A) more elastic.
B) less elastic.
C) perfectly inelastic.
D) perfectly elastic.

Question

Quizplus · Accepted Answer

When the salience of prices is reduced, consumers are less sensitive to price changes because they are less aware of or less focused on the prices. This makes their demand less elastic, as they are less likely to change their buying behavior in response to price changes.

Related to the Economics in Practice on Page 125: a Reduction