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Which of th following goods would be likely to be bought in the same quantity even if it doubled in price?
Wiki User
∙ 13y ago
I wasn't able to see what goods that you were talking about, but it is anything that has inelastic demad. i.e. the reactiveness of demand to a change in price. This would include things that we cannot live without, and those which we get addicted to e.g. petrol, alcohol, tobacco. Hope that helps!
Wiki User
∙ 13y ago
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Which product would be likely to be bought in the same quantity even if it doubled price?
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Which product would be likely to be bought in the same quantity even if it doubled price?
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