We would expect the demand for jeans to be:
A) more elastic than the demand for clothing.
B) less elastic than the demand for clothing.
C) the same as the demand for clothing.
D) neither more elastic, less elastic, nor the same elasticity as that of the demand for clothing.

Question

Quizplus · Accepted Answer

Jeans are a specific type of clothing and therefore have more substitutes, making demand for jeans more elastic than the broader category of clothing. When a good has more substitutes, consumers are more likely to switch to other alternatives if the price of the good increases or if a cheaper alternative becomes available.

We Would Expect the Demand for Jeans to Be