Which of the following will have the most elastic demand?
A)frozen desserts
B)ice cream
C)strawberry ice cream
D)a banana split made with strawberry and chocolate ice cream
E)a banana split with Nestle strawberry and chocolate ice cream

Question

Quizplus · Accepted Answer

E) a banana split with Nestle strawberry and chocolate ice cream will have the most elastic demand because it is the most specific and narrowly defined product among the options. This specificity means consumers can more easily find close substitutes, making its demand more sensitive to price changes.

Which of the Following Will Have the Most Elastic Demand