Question

If consumers start to believe they need a product such as medication, what is likely to happen?
A.
The demand becomes less elastic.
B.
The demand becomes more elastic.
C.
The supply decreases.
D.
The price decreases.



Please select the best answer from the choices provided


A
B
C
D

Answer 1

A

If consumers view a product (like medication) as a necessity, their quantity demanded becomes less responsive to price changes — demand becomes more inelastic.