Which product will have the most elastic demand curve?
A)Thread
B)Heating oil
C)A new automobile
D)Cigarettes

Name: Which product will have the most elastic demand curve? A)Thread B)Heating oil C)A new automobile D)Cigarettes
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A new automobile will have the most elastic demand curve because consumers have many alternatives and can delay purchases, making demand more sensitive to price changes.

Which Product Will Have the Most Elastic Demand Curve