You Are Given Some Data for Four Different Products -

Multiple Choice

You are given some data for four different products - dryer sheets, shampoo, soap, and laundry detergent. The absolute value of the price elasticity of demand for dryer sheets is 4. The absolute value of the price elasticity of demand for shampoo is 0.2. The absolute value of the price elasticity of demand for soap is 0.5. The absolute value of the price elasticity of demand for laundry detergent is 2. Which product has the most elastic demand?

A) dryer sheets
B) shampoo
C) soap
D) laundry detergent