Multiple Choice
Which of the following is likely to have the most price inelastic demand?
A) athletic shoes
B) running shoes
C) Nike running shoes
D) Nike Shox running shoes
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q42: If the demand for bananas is elastic,then
Q43: If a change in the price of
Q44: Suppose that when the price of ginger
Q45: If the price elasticity of demand for
Q46: If two goods are substitutes,their cross-price elasticity
Q48: Using the midpoint method,the price elasticity of
Q49: A perfectly elastic demand implies that<br>A)buyers will
Q50: When the price of a good is
Q51: The midpoint method for calculating elasticities is
Q52: Figure 5-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 5-4