Barry customizes Harley-Davidson motorcycles.No two cycles are alike.He notices that very few customers even ask the price of his customized motorcycles before they decide to purchase them.Demand for his motorcycles is probably:
A) price sensitive.
B) price elastic.
C) price inelastic.
D) income elastic.
E) cross-price elastic.

Question

Quizplus · Accepted Answer

The fact that customers are not asking about the price of the customized motorcycles before purchasing indicates that demand for the motorcycles is likely price inelastic. This means that changes in price will not have a significant impact on the quantity of motorcycles demanded.

Barry Customizes Harley-Davidson Motorcycles