Increased options available to shoppers combine to create a market characterized by _____ elasticity.
A)supply
B)linear
C)demand
D)constant

Question

Quizplus · Accepted Answer

When there are increased options available to shoppers, it means consumers have more choices to fulfill their needs or desires. As a result, their responsiveness to changes in prices or other market factors becomes higher, thus creating a demand characterized by elasticity.

Increased Options Available to Shoppers Combine to Create a Market