The answer is E. An operation, such as an appendectomy.

Here's the step-by-step reasoning:

A. A new sweater - This is not a necessity and people can easily switch to other types of clothing if the price increases, so the demand is elastic.

B. A sports car - This is a luxury item and not a necessity. If the price increases, people can choose not to buy it or buy a cheaper car instead, so the demand is elastic.

C. A CD - With the availability of digital music, people can easily switch to other forms of music if the price of CDs increases, so the demand is elastic.

D. A pair of designer jeans - This is a luxury item and not a necessity. If the price increases, people can choose not to buy it or buy a cheaper pair of jeans instead, so the demand is elastic.

E. An operation, such as an appendectomy - This is a necessity and people cannot choose not to have it if the price increases, so the demand is inelastic.

Question

The answer is E. An operation, such as an appendectomy.

Here's the step-by-step reasoning:

A. A new sweater - This is not a necessity and people can easily switch to other types of clothing if the price increases, so the demand is elastic.

B. A sports car - This is a luxury item and not a necessity. If the price increases, people can choose not to buy it or buy a cheaper car instead, so the demand is elastic.

C. A CD - With the availability of digital music, people can easily switch to other forms of music if the price of CDs increases, so the demand is elastic.

D. A pair of designer jeans - This is a luxury item and not a necessity. If the price increases, people can choose not to buy it or buy a cheaper pair of jeans instead, so the demand is elastic.

E. An operation, such as an appendectomy - This is a necessity and people cannot choose not to have it if the price increases, so the demand is inelastic.

Knowee AI · Accepted Answer

The answer is E. An operation, such as an appendectomy.

Here's the step-by-step reasoning:

A. A new sweater - This is not a necessity and people can easily switch to other types of clothing if the price increases, so the demand is elastic.

B. A sports car - This is a luxury item and not a necessity. If the price increases, people can choose not to buy it or buy a cheaper car instead, so the demand is elastic.

C. A CD - With the availability of digital music, people can easily switch to other forms of music if the price of CDs increases, so the demand is elastic.

D. A pair of designer jeans - This is a luxury item and not a necessity. If the price increases, people can choose not to buy it or buy a cheaper pair of jeans instead, so the demand is elastic.

E. An operation, such as an appendectomy - This is a necessity and people cannot choose not to have it if the price increases, so the demand is inelastic.

Question 9 of 10An example of a good or service that probably has a highly inelastic demand curve is:A.a new sweater.B.a sports car.C.a CD.D.a pair of designer jeans.E.an operation, such as an appendectomy.

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