Compared to the demand for coffee, the market demand for French Roast coffee is likely to be
A)more elastic.
B)more inelastic.
C)perfectly elastic.
D)perfectly inelastic.

Question

Quizplus · Accepted Answer

The market demand for French Roast coffee is likely to be more elastic because it is a specific type of coffee, and consumers can easily switch to other types of coffee if the price of French Roast coffee increases, indicating a higher sensitivity to price changes.

Compared to the Demand for Coffee, the Market Demand for French