according to a study of the price of alasticities of products sold in supermarkets, the price of elasticity of demand for toothpaste is estimated at 0.45. Which of the following could explain why the price of elasticity of demand for toothpaste is so low?
a. there are few close substitutes for toothpaste
b. toothpaste is heavily endorsed by dentists
c. the toostpaste industry is highly competitive
d. toothpaste is a necessity

Question