Determine which types of cutomers are likely to have a more elastic demand and which types of customers are likely to have a more inelastic demand. Make sure to place token in a bin.
More Elastic More Inelastic
a. Customers who are good at shopping around
b. Customers who know what they like and just buy it
c. Customers who walk up to a rental car desk right off of the plane
d. Customers who reserve a car online weeks before a trip
e. Customers who must have the latest fashion
f. Customers who can wait to buy fashionable items
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Home » Business » Determine which types of cutomers are likely to have a more elastic demand and which types of customers are likely to have a more inelastic demand. Make sure to place token in a bin. More Elastic More Inelastic a.