Which of the following products has the least elastic demand?
A) Coca Cola in 12 oz. cans
B) all cola drinks
C) all carbonated beverages
D) all beverages

Name: Which of the following products has the least elastic demand? A) Coca Cola in 12 oz. cans B) all cola drinks C) all carbonated beverages D) all beverages
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Question

Quizplus · Accepted Answer

All beverages have the least elastic demand because they are a necessity, and there are fewer substitutes for the entire category compared to specific types or brands of beverages.

Which of the Following Products Has the Least Elastic Demand