Order the following goods from most elastic demand to most inelastic demand, with the good that...

Order the following goods from most elastic demand to most inelastic demand, with the good that has the most elastic demand on top and the good that has the most inelastic demand on the bottom.

Diary product

Yogurt

Danone yogurt

Danone stawberry yogurt

Solutions

Expert Solution

The products in order from elastic to inelastic are -

Danone strawberry yogurt

Danone yogurt

Yogurt

Dairy product

Dairy product will be most inelastic as it comprises of goods that are necessity.

Rahul Sunny answered 1 year ago

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