The demand for _______ is relatively elastic.
A) Water
B) Electricity
C) Vacation travel
D) Coffee

Name: The demand for _______ is relatively elastic. A) Water B) Electricity C) Vacation travel D) Coffee
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Question

Quizplus · Accepted Answer

Vacation travel tends to have relatively elastic demand because consumers can more easily adjust their consumption in response to price changes compared to necessities like water, electricity, or even daily coffee.

The Demand for _______ Is Relatively Elastic