Milk is a staple product in most households. The price of milk is relatively low compared with average weekly household income. Under these conditions, the typical purchaser of milk is MOST likely to be:
A) price neutral.
B) price sensitive.
C) price insensitive.
D) price indisposed.
E) price predisposed.

Question

Quizplus · Accepted Answer

Since milk is a staple product, most households are likely to purchase it regardless of fluctuations in price, making them price insensitive.

Milk Is a Staple Product in Most Households