The demand for shoes will likely be price ________ while the demand for Sketchers Go Walk walking shoes will likely be price ________.
A) elastic; elastic
B) elastic; inelastic
C) inelastic; elastic
D) inelastic; inelastic

Question

Quizplus · Accepted Answer

The demand for shoes in general is likely to be inelastic because they are a necessity with fewer substitutes. However, the demand for a specific brand like Sketchers Go Walk is likely to be elastic because there are many alternative brands and styles available.

The Demand for Shoes Will Likely Be Price ________ While