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17 January, 13:00

Compare the demand for sugar with demand for food. the demand for sugar is likely

a. more elastic because sugar tends to be purchased in larger quantities.

b. more elastic because sugar tends to represent a smaller fraction of a consumer's budget.

c. more inelastic because sugar tends to represent a smaller fraction of a consumer's budget.

d. more elastic because sugar tends to represent a larger fraction of a consumer's budget.

e. more inelastic because sugar tends to be purchased more frequently.

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  1. 17 January, 16:57
    0
    The answer is D. More elastic because sugar tends to represent a larger fraction of a consumer's budget
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