Which of the following products is likely to have the most elastic demand?
A) Gas
B) Milk
C) Bread
D) Digital cameras
E) Toothpaste

Name: Which of the following products is likely to have the most elastic demand? A) Gas B) Milk C) Bread D) Digital cameras E) Toothpaste
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Digital cameras are luxury goods with many substitutes available in the market. Moreover, the purchase of digital cameras can be postponed, and consumers have more time to search for better deals, making the demand more elastic.

Which of the Following Products Is Likely to Have the Most