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Which of the following goods/services are likely very inelastic for current consumers? Question 6Answer a. Live theatre: Going to a show/production at a local stage
Which of the following goods/services are likely very inelastic for current consumers? Question 6Answer a. Live theatre: Going to a show/production at a local stage to watch a play or musical b. Fine dining: Eating out at a moderately to very expensive restaurant c. Insulin: A hormone produced or administered that allows an animal to metabolize sugar d. Fentanyl: a synthetic opioid implicated in the recent drug crisis in North America e. Rent: The money paid to a landlord for the purposes of occupying a property f. Cartier watch: A very high end expensive wrist watch
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