Why would vanilla cupcakes tend to have very elastic demand
A)because it has many complements
B)because the market is broadly defined
C)because there are few substitutes
D)because other flavours of cupcakes are almost perfect substitutes

Question

Quizplus · Accepted Answer

Vanilla cupcakes have very elastic demand because other flavors of cupcakes are almost perfect substitutes, making consumers likely to switch if the price of vanilla cupcakes increases.

Why Would Vanilla Cupcakes Tend to Have Very Elastic Demand