Elasticity in economics determines how demand responds to price changes. A product with low elasticity maintains steady demand regardless of price fluctuations.
Elasticity in economics refers to how responsive demand is to a change in price. A product with low elasticity would have a situation where the quantity demanded remains relatively constant regardless of price changes.
Therefore, in the given options, the product that would have a low level of elasticity is option D, which describes a product that has steady demand even as prices change.
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