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Question 6 of 20
A product with a high level of elasticity of demand has which feature?
A. Demand for the product consistently falls over time.
B. Demand for the product rises and falls depending on
circumstances.
C. Demand for the prodt consistently rises over time.
D. Demand for the product is limited to a very small group of

Question 6 Of 20 A Product With A High Level Of Elasticity Of Demand Has Which Feature A Demand For The Product Consistently Falls Over Time B Demand For The Pr class=

Answer :

JAYILYCH4REALIN

A product with a high level of elasticity of demand has the feature of the B. Demand for the product rises and falls depending on circumstances.

What is Elasticity of Demand?

This refers to the extent to which there is a price change that causes a product to have a change in demand.

Hence, we can see that when there is a high elasticity of demand, it is usually because there is a variable change in the quantity demanded in relation to its price and this means that B. Demand for the product rises and falls depending on circumstances.

Read more about elasticity of demand here:

https://brainly.com/question/19141990

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