Business, 07.11.2019 01:31 Latoyajenjins1789

The demand for fast, expensive, ferrari cars (in the market for cars in general) tends to be: group of answer choices: 1. elastic, because there are many substitutes for ferraris and it represents a large percentage of a consumer's budget. 2. inelastic, because there are many substitutes for ferraris and it represents a large percentage of a consumer's budget. inelastic, 3. inelastic, because there are few substitutes for ferraris and it represents a small percentage of a consumer's budget. 4. inelastic, because there are few substitutes for ferraris and it represents a large percentage of a consumer's budget. 5. elastic, because there are no substitutes for ferraris and it represents a large percentage of a consumer's budget.

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The demand for fast, expensive, ferrari cars (in the market for cars in general) tends to be: group...

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