Demand for which of the following products or services is most likely inelastic?
A) Fishing boats
B) Wheat bread
C) Pedicures
D) Filet mignon steaks
E) Digital cameras

Name: Demand for which of the following products or services is most likely inelastic? A) Fishing boats B) Wheat bread C) Pedicures D) Filet mignon steaks E) Digital cameras
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If there is a crop shortage,prices escalate,but consumers still maintain the same level of demand because food-particularly bread-is a necessity.

Demand for Which of the Following Products or Services Is