The best example of elastic demand is C. people take fewer vacations as airfare gets higher.
what is elastic demand?
Elastic demand is one wherein the exchange in the amount demanded because of exchange in rate is large. An inelastic call is one in which the change in the amount demanded due to an alternate in price is small.
what are elastic demand examples?
An example of products with an elastic demand is patron durables. those are objects which might be bought occasionally, like a showering system or a car, and may be postponed if the price rises. for instance, automobile rebates had been very a success in increasing car sales by means of lowering charges.
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