Health care, food products, and a Ferrari tend to have a demand which is ______.

A) price elastic
B) price inelastic
C) price volatile
D) price subjective

Question

Health care, food products, and a Ferrari tend to have a demand which is ______.A)  price elasticB)  price inelasticC)  price volatileD)  price subjective

Sevina Bravo · Accepted Answer

Final Answer : B, Explanation :  Health care and food products tend to have price inelastic demand because people need them regardless of price changes. A Ferrari, being a luxury item, might seem like an exception, but its demand is also relatively inelastic among its target market, as those consumers are less sensitive to price changes.

Health care, food products, and a Ferrari tend to have a demand which is ______.

A) price elastic
B) price inelastic
C) price volatile
D) price subjective

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Learning Objectives

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