google-site-verification=cwgbM7w6apNbt6frjcU5wXkhZKkY0WDgQmFrgBCzT4c Which of the following is likely to have the most price inelastic demand?

Which of the following is likely to have the most price inelastic demand?

Which of the following is likely to have the most price inelastic demand?

a. mint-flavored toothpaste

b. toothpaste

c. Colgate mint-flavored toothpaste

The correct answer is b. toothpaste.

Inelastic Demand

Inelastic demand refers to the percentage change in price that affects the total quantity demanded of products and goods. The demand for necessities is usually inelastic.

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