Respuesta :
Answer:
d. cookies
Explanation:
Inelastic demand is when a small change in price does not affect quantity demanded in a significant manner. In other words, should the price increase or decrease by a small percentage, the demand remains relatively constant. The term elastic implies stretching. Elastic demand is a demand that changes significantly should the price change by a small margin.
Goods that have no close substitutes tend to have inelastic price demand. Buyers will have to do with the product even if the price increases. Necessary goods such as foodstuff also exhibit inelastic price demand. Luxury goods and goods with many substitutes have elastic demand. from the list cookie will have inelastic demand. It is the closest to a food item that has an inelastic demand. The others are luxurious goods and are substitutes for each other.
Inelastic demand occurs when a modest change in price has no substantial effect on the quantity demanded. In other words, even if the price rises or falls by a modest percentage point, demand remains basically constant.
Which goods have Inelastic price demand?
Goods with no near substitutes have inelastic pricing demand. Buyers will have to continue using the product even if the price rises. Food is another example of a necessary good with inelastic price demand.
Elastic demand exists for luxury products and items with numerous substitutes.
The cookie from the list will have inelastic demand. It is the most similar to a food item with inelastic demand. The others are expensive products that can be substituted for one another.
Thus, Option D is a correct product that has inelastic demand.
For more information about Inelastic Demand refer to the link:
https://brainly.com/question/13572905
