أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
A - The product is considered a luxury item. B - Few good complements for the product are available. C - The population in the market area is large. D - Few good substitutes are available for the product.
CORRECT ANSWER IS 'D".AS THERE ARE NO good substitutes available for the product.. ONE HAS TO BUY IT AT ANY PRICE. HENCE THE DEMAND IS PRICE INELASTIC. DEMAND WILL REMAIN THE SAME AT ANY PRICE.
The demand for an essential products like, salt,medicine tends to be inelastic. Change of price would have no effect on demand for the product.