Of the following,which good has the most elastic demand?
A) food
B) breakfast food
C) cereal
D) Post Raisin Bran
E) Post Raisin Brand purchased at a Safeway grocery store

Question

Quizplus · Accepted Answer

The more specific the good, the more elastic the demand. Post Raisin Bran purchased at a specific Safeway grocery store is the most specific option given, and therefore has the most elastic demand.

Of the Following,which Good Has the Most Elastic Demand