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Economics - Financial Markets 12 Online
OpenStudy (anonymous):

Which would have the most inelastic demand? -sunglasses -Bran cereal -shoes -Donuts -gun cleaning kit

OpenStudy (danieljohann):

Bran Cereal

OpenStudy (danieljohann):

Because all the the other items can be identifies as wants, whereas Bran Cereal is a food item which is a need. Usually when prices of such needs go up, people are still inclined to buy them.

OpenStudy (anonymous):

Turns out it was shoes. I guess probably because everyone needs shoes and there are many substitutes for the food bran cereal, just in the cereal category alone. Bran was my second guess though.

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