Solved

Other Things Equal, Which of the Following Goods Would Have

Question 51

Multiple Choice

Other things equal, which of the following goods would have the most inelastic price elasticity of demand?


A) A t-shirt from The Gap (a famous American retail store) .
B) All red t-shirt sold in the U.S.
C) All shirts, of any color, sold in the U.S.
D) A red t-shirt from Macy's (a large department store) .

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents