The Demand for Ice Cream Is _____ Price Elastic Than

Multiple Choice

The demand for ice cream is _____ price elastic than the demand for frozen treats overall because _____.

A) less; ice cream has fewer substitutes than frozen treats.
B) more; ice cream has fewer substitutes than frozen treats.
C) less; the scope of the market for ice cream is less broadly defined
D) more; the scope of the market for ice cream is less broadly defined