Novels are _____________ than textbooks because __________________.
A)less price elastic;they have more available substitutes
B)more price elastic;they have less available substitutes
C)less price elastic;they have less available substitutes
D)more price elastic;they have more available substitutes

Question

Quizplus · Accepted Answer

Novels are considered a luxury item and therefore more price elastic, meaning their demand is more sensitive to changes in price. Additionally, there are many substitute forms of entertainment available, such as movies, TV shows, and video games, making novels more elastic in terms of available substitutes.

Novels Are _____________ Than Textbooks Because __________________

Novels Are _ Than Textbooks Because ______