Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

maritza71894

  • 3 years ago

Describe an example of a product that has highly elastic demand. Describe at least two factors that make this product's demand so elastic.

  • This Question is Closed
  1. sailu001
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    products like cars and bikes can be considered to have a price elastic demand where an increase in prices can result in lower demand.

  2. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy