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Which of the following is the best example of elastic demand? A. People take fewer vacations as air fare gets higher. B. Producers ignore budget constraints to make higher profi…

Which of the following is the best example of elastic demand? A. People take fewer vacations as air fare gets higher. B. Producers ignore budget constraints to make higher profi…
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2 votes
Which of the following is the best example of elastic demand?

A. People take fewer vacations as air fare gets higher.

B. Producers ignore budget constraints to make higher profit.

c. People buy gas for their cars no matter what it costs.

D. Producers purchase natural resources to make goods,

asked
User Doug Hughes
by
7.6k points

2 Answers

3 votes

Answer:

C

Step-by-step explanation:

answered
User Webspirit
by
8.3k points
5 votes

Answer:

A. People take fewer vacations as air fare gets higher.

Step-by-step explanation:

answered
User Chris Glasier
by
8.0k points
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