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10-03-2020
Business

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Which of the following is likely to have the most price elastic demand? Group of answer choices All three would have the same elasticity of demand because they are all related. blue jeans clothing Tommy Hilfiger jeans

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11-03-2020

Answer:

Tommy Hilfiger jeans

Explanation:

The price elasticity of demand measures quantity demanded as a result of a change in price.

The smaller the price elasticity of demand, the steeper the demand curve will be through a given point.

Tommy Hilfiger jeans are likely to have the most price elastic demand as it is very expensive so the rise in its price would affect its demand.

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