What is an example of a product which has a perfectly elastic demand?

1 answer

Answer

1019518

2026-03-19 19:05

+ Follow

One example is money. When one charges any value more than the face value of a piece of currency, the revenue drops to zero, because the value of the money given up by the consumer is larger than the value obtained. This means that no one would by your product, thus bringing revenue to zero.

--> money is the example for highly elastic demand, isn't it?

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.