Which of the Following Statements Would You Expect to Be

Multiple Choice

Which of the following statements would you expect to be true about price elasticities of demand for T- shirts and clothing?

A) Clothing has a higher price elasticity of demand because it is a necessity.
B) Clothing has a lower price elasticity of demand because it is more broadly defined.
C) Compared with clothing, T- shirts have a lower price elasticity of demand because they are specifically defined.
D) T- shirts would have the same price elasticity of demand as clothing.
E) Because T- shirts are clothing, but not all clothing is T- shirts, T- shirts would have a lower price elasticity of demand than clothing.