Question

which of the
following
will have elastic demand ​

Answer 1

Answer:

In general, the more substitutes there are for an item, the more elastic demand for it will be. Elasticity of demand is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the elasticity quotient is greater than or equal to one, the demand is considered elastic

Explanation:

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Answer 2

In business and economics, elasticity refers to the degree to which individuals, consumers or producers change their demand or the amount supplied in response to price or income changes. It is predominantly used to assess the change in consumer demand as a result of a change in a good or service's price.