In general,the more unique an advertiser can make a product seem to the buyer
A)the more elastic the demand for the good.
B)the more inelastic the demand for the good.
C)the more sensitive the buyer is to the price of the good.
D)the less demand for the good.

Question

Quizplus · Accepted Answer

When a product is unique, it becomes more differentiated from other products in the market, making it less substitutable. This makes the demand for the product more inelastic as buyers may be willing to pay a higher price for a product that is perceived to be one-of-a-kind or difficult to replace. Therefore, the more unique an advertiser can make a product seem to the buyer, the more inelastic the demand for the good.

In General,the More Unique an Advertiser Can Make a Product