Answered

Which product would have a low level of elasticity?
О
A. A product that sees a major change in demand based on its price
B. A product that sees falling demand as prices rise
О C. A product that sees rising demand as prices fall
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D. A product that has steady demand, even as prices change



Answer :

GinnyAnswer

Final answer:

A product with low elasticity has a steady demand despite price changes.


Explanation:

Low elasticity refers to a product with a steady demand, even as prices change. This means that the quantity demanded remains relatively constant regardless of price fluctuations. An example of this could be staple goods like salt or sugar, where consumers still purchase them consistently regardless of price changes.


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