What would you predict about the relative price elasticity of demand for food? The demand for food is

A. less price elastic than the demand for leafy vegetab since the product group of foodfood is broader than the product group of lesleafy vegetables.

B. more price elastic than the demand for leafy vegetables, since the product group of food is narrower than the product group of leafy vegetables.

C. less price elastic than the demand for leafy vegetables, since the product group of food is narrower than the product group of leafy vegetables

D. more price elastic than the demand for leafy vegetables since the product group of food is broader than the product group of leafy vegetables

Answer rating: 100% (QA)

D more price elastic than the demand for leafy vegetables ... View the full answer