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Which of the following goods is likely to have the highest price elasticity of demand?

AndrewKraus

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7 years ago

Which of the following goods is likely to have the highest price elasticity of demand?

Which of the following goods is likely to have the highest price elasticity of demand?
A) Salt
B) Gasoline
C) Life-saving drugs
D) Ketchup

Textbook

Microeconomics

Microeconomics

Edition: 1^st

Authors: Acemoglu, Laibson, List

Read 61 times

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Sudzbury

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AndrewKraus Author

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#2

6 years ago

Excellent answer, thx

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