For which of the following products would demand be inelastic? - ProProfs Discuss
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For which of the following products would demand be inelastic?



A. Iceberg lettuce.
B. Vegetables.
C. A Ford Explorer.
D. Movie tickets.

This question is part of fsot pq - economics

Asked by Gabriel, Last updated: Jun 22, 2020

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John Smith

John Smith

Answered Sep 08, 2016

Vegetables.-in the event of a large price increase, it would be relatively easy for customers to avoid the price increase by purchasing alternative products, for example, buying carrots rather than lettuce, choosing a honda accord rather than a ford explorer suv, or renting a dvd rather than purchasing movie tickets. however, because vegetables comprise an entire category, it would be more difficult for consumers to change their buying habits to avoid the price increases associated with vegetables. demand (or supply) is elastic if a small change in price results in a large change in demand. conversely, is a small change in price does not result in a large change in demand, the demand is said to be inelastic.
 

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