From the following, which item would have elastic demand?
A. Desk
B. Exercise book
C. Correctional fluid
D. Biros
3 answers
From the given options, the item that would have elastic demand is C. Correctional fluid.
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I apologize for the error in my previous response. I misspoke.
From the options provided, the item that would have elastic demand is D. Biros. Biros are commonly used and easily substitutable, meaning consumers can easily switch to a different brand or type of pen. This makes the demand for biros more sensitive to changes in price, resulting in elastic demand.
From the options provided, the item that would have elastic demand is D. Biros. Biros are commonly used and easily substitutable, meaning consumers can easily switch to a different brand or type of pen. This makes the demand for biros more sensitive to changes in price, resulting in elastic demand.
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